VOL. XXXI

NO. 31

9-MAY-1988

OPEC

OPEC and Non-OPEC Officials Hopeful that Agreement Can Be Reached

Officials from both OPEC and non-OPEC countries have expresseddisappointment that the two groups failed to reach agreement at their meeting inVienna last week.

Venezuelan Mines and Energy Minister Arturo Hernandez Grisanti said inCaracas on 4 May that "despite our efforts we could not reachagreement," but that he hoped Saudi Arabia and other Gulf producers whoopposed production cuts in Vienna "will...