VOL. XXXII

NO. 52

3-OCTOBER-1988

OPEC: A GLIMMER OF HOPE AMID THE GLOOM?

MEES Editor Ian Seymour Reports on OPEC's Price Committee Meeting in Madrid,25-26 September 1988

Despite the evident fact that the fundamental problems facing OPEC remain asformidable and menacing as ever, the Madrid meeting of the Organization'sFive-Minister Price Committee did nevertheless succeed in striking a positivenote of realism as regards confronting the dangers ahead.

Of course, none of the problems of production...