VOL. XXXII

NO. 1

10-OCTOBER-1988

SAUDI PRODUCTION UPSWING LIKELY TO CONCENTRATE OPEC MINDS

Saudi Arabia's forceful warning to OPEC (and non-OPEC) oil producers that itis not prepared to freeze its own output at quota level while others overproduce(for text see page A3) is clearly designed to concentrate OPEC minds in advanceof the meeting - or perhaps series of meetings - due to get underway on 20October, probably in Madrid.

The 20 October joint meeting of OPEC's price evolution and long-term...