Supplement to VOL. XXXNO. 617-NOVEMBER-1986

OPEC'S MINISTERIAL PRICING COMMITTEE CALLS FOR PROMPT IMPLEMENTATION OF $18/B FIXED OFFICIAL PRICE

MEES Editor Ian Seymour Reports from Quito, Ecuador, 14November

At a businesslike one-day meeting on 14 November here in Quito, OPEC's Ministerial Committee on Pricing has called for a "prompt return" to a system of fixed official prices for OPEC crude oil based on a reference price of $18/B.

The three-member OPEC pricing committee, which met in Quito...