VOL. XXXII
NO.34
29-MAY-1989
KUWAIT
Kuwait Wants $18/B Target Price Retained
Kuwait's Oil Minister, Shaikh 'Ali Khalifah al-Sabah has underlined hiscountry's long-term view of the oil market by calling for the retention of the$18/B target price reaffirmed by OPEC last November. Speaking in Caracas on 22May during a two-day visit to Venezuela, Shaikh 'Ali said to reporters that"we don't want to reduce prices, but we don't want prices to increase, notbecause we don't want the additional revenue - we...
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