VOL. XXXI
NOS. 11/12
21/28-DECEMBER-1987
COLLAPSING MARKET PUTS OPEC'S OFFICIAL PRICE STRUCTURE IN JEOPARDY
MEES Editor Ian Seymour Reports on the Oil Scene in the Aftermath of OPEC'sVienna Conference
After a week when crude oil prices plunged by some $2 to $3/B in the wake ofa less than credible OPEC agreement in Geneva, it is legitimate to ask onceagain whether OPEC's structure of fixed prices for crude oil, based on the $18/Breference yardstick, has any chance of survival. On the present...
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