VOL. XXXI
NO. 8
30-NOVEMBER-1987
OPEC AND OIL PRICES
Herrington Sees Falling Dollar Creating Problems for OPEC Conference
US Energy Secretary John Herrington believes that the recent slide in the value of the dollar is going to create problems for OPEC at its forthcoming meeting in Vienna.
Speaking in Washington on 23 November, Mr. Herrington said that "thefalling dollar is going to create a certain degree of chaos in thenegotiations about what the world price should be," and that "$18/B isgoing...
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