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...