VOL. XXXI

NO. 4

2-NOVEMBER-1987

SAUDI ARABIA AND KUWAIT REJECT OIL PRICE INCREASE FOR 1988

King Fahd ibn 'Abd al-'Aziz of Saudi Arabia has reiterated the view - firstexpressed earlier this year (MEES, 25 May) - that oil prices should remainunchanged until the end of 1988 at the earliest, and has indicated that hiscountry will only consider such a move if there is firm evidence of an increasein oil demand.

A statement issued on 26 October by Information Minister 'Ali Sha'ir after acabinet meeting...