VOL. XXXIII

NO. 41

16-JULY-1990

Gulf Producers Meeting Accords Priority to Restoration of Prices

Prospects for crude oil prices have brightened considerably following anagreement reached by the Oil Ministers of five Gulf producers - Saudi Arabia,Iraq, Kuwait, the UAE and Qatar - who met in Jiddah, on the initiative of SaudiArabia, on 10-11 July. The Jiddah agreement is designed to tighten up OPECproduction discipline - particularly by reintegrating the UAE and Kuwait intothe quota fold - and...