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Subroto Warns that Breakdown of OPEC Discipline Could Lead to PriceCollapse

The Secretary General of OPEC, Dr. Subroto, has given a clear warning thatthe spreading breakdown of OPEC production discipline is threatening todevelop into a price collapse similar to that in 1986. In an interview withAP-Dow Jones in Vienna on 28 September which itself had a major impact on themarket, Dr. Subroto said that overproduction by various OPEC countries,including the UAE, had...