VOL. XXXI

NO. 50

19-SEPTEMBER-1988

OPEC

King Fahd Calls for Action to Stem Price Slide

King Fahd of Saudi Arabia has again urged the OPEC countries to adhere totheir production quotas in order to halt the downward movement of oil prices. Inhis comments, reported by Information Minister 'Ali Sha'ir after a cabinetmeeting on 11 September, the Saudi ruler also expressed the hope that the OPECand non-OPEC producers would take action to prevent the situation deterioratingfurther.

The text of Mr....