VOL. XXXIII

NO. 43

30-JULY-1990

OPEC's Volume Squeeze Should Push Prices Substantially Higher In SecondHalf

MEES Editor Ian Seymour Reports on the Outcome of OPEC's Geneva Conference,26-27 July

Without doubt, the agreement reached by the OPEC conference in Geneva todayrepresents the Organization's boldest and probably most credible attempt to dateto push up crude oil prices through stringent control of output volume. Not onlywill the production ceiling of 22.491mn b/d remain unchanged until the...