VOL. XXXI

NO. 30

2-MAY-1988

OPEC

King Fahd Stresses Adherence to Production Ceiling

King Fahd ibn 'Abd al-'Aziz of Saudi Arabia has emphasized once again that aprice war does not serve the interests of any of the oil producers and thatobservance of the existing OPEC production ceiling should suffice to maintainthe $18/B official price. In an interview with the Kuwaiti daily al-Siyassahpublished on 28 April, the Saudi ruler said that rather than increasing outputand weakening prices, "it would be...