VOL. XXXII

NO. 3

24-OCTOBER-1988

CAUTIOUS OPTIMISM IN MADRID ON PROSPECTS FOR NEW OPEC AGREEMENT ONPRODUCTION

MEES Editor Ian Seymour Reports from Madrid, 21 October

It now seems clear beyond reasonable doubt - as the joint meeting of theprice and strategy committees grouping eight OPEC Ministers gets under way inMadrid - that if there is to be a deal on production of sufficient credibilityto save OPEC from a very nasty price crash, it can only be done along the linesproposed in the statement by...