VOL. XXXIII

NO. 34

28-MAY-1990

OPEC

Saudi Oil Minister Urges Other OPEC Members to Implement CutbackPledges

The Saudi Oil Minister, Mr. Hisham Nazer, has issued a strongly wordedstatement calling upon the other OPEC producers to demonstrate their"serious intent" by implementing their pledges under the productioncutback agreement of 2 May, to which the Saudi Government remains committed.

Mr. Nazer pointed out that prices rose by $1.86/B in the week following theagreement as a result of the...