NO. 37


OPEC President Warns Of Serious Price Collapse If Geneva Accord Is NotImplemented

Although any possibility of convening an extraordinary OPEC ministerialmeeting before the next regular conference in Geneva on 25 July is nowcompletely ruled out by OPEC officials, considerable disquiet still persistsin OPEC circles regarding the lack of implementation of the production cutbackagreement reached in Geneva in early May.

MEES understands that a sharp warning about the...