VOL. XXXII

NO. 31

8-MAY-1989

KING FAHD PREDICTS $26/B CRUDE PRICE BY EARLY 1990 IF OPEC QUOTAS AREOBSERVED

King Fahd ibn 'Abd al-'Aziz of Saudi Arabia has predicted that the price ofcrude oil could reach $26/B at the beginning of next year, while making itclear that the prediction is conditional upon observance by the OPEC memberstates of their production quotas and overall output ceiling.

Kin Fahd's remarks, made in an interview with the Kuwait daily al-Siyasahpublished on 3 May, have been...