VOL. XXXI

NO. 13

4-JANUARY-1988

OPEC

Saudi Arabia, Indonesia and Venezuela Serve Notice on Violations of OPEC Agreement

Faced with a disappointing reaction in the market to the OPEC decision inVienna to roll over the existing agreement on production and prices, officialsfrom three OPEC countries Saudi Arabia, Indonesia and Venezuela - have warnedthat if other members violate the agreement their countries will no longerconsider themselves bound by it, while the Minister of a fourth, the UAE, has...