VOL XXXI

NO. 20

22-FEBRUARY-1988

OPEC AND OIL PRICES

Nabi Says nest Three Weeks Critical for Prices

Algeria's Minister of Energy and Petrochemical Industries, Mr. Belkacem Nabi,has warned that the growing gap between official and spot prices is threateningthe whole OPEC price structure, and that unless the situation improves in theimmediate future OPEC will have to take action if it wants to defend its $18/Bbenchmark.

In an interview with Reuters on 18 February, Mr. Nabi complained that the...