NO. 40


Hints Of Possible OPEC Trade-Off: Higher Gulf Quotas In Return For PriceStability

The past week has witnessed a continuation of intensive inter-OPEC diplomacyin the run-up period to the Organization's scheduled conference in Geneva on 25July. Little has changed in matters of substance, in that the UAE and Kuwait arestill firm in their quest for higher quotas, while the price-firsters, with Iraqin the lead, remain adamant that no production ceiling or quota increases...