NO. 37


Saudi Arabia

King Fahd Calls for Long-Term OPEC Agreement

King Fahd ibn 'Abd al-'Aziz of Saudi Arabia has called upon the OPEC memberstates to "reach a long-term agreement that would ensure a high degree ofstability and serve the world economy instead of subjecting it to shocks fromtime to time." Also King Fahd stressed Saudi Arabia's continued commitmentto OPEC's May agreement on production and urged the other members to dolikewise. The following is a MEES...