VOL. XXXI

NO. 24

21-MARCH-1988

CHALABI URGES OPEC TO ADOPT SYSTEM OF FLEXIBLE PRICING WITHIN DETERMINEDRANGE SUPPORTED BY PRODUCTION CONTROL

Given the virtual impossibility of maintaining a fixed price structure forcrude oil in current market conditions, one prominent OPEC official - theOrganization's Deputy Secretary General, Dr. Fadhil Al-Chalabi - is calling uponOPEC to adopt a system whereby prices should be permitted to fluctuate within aspecified target range, to be supported by production...