OPEC AND OIL PRICES
Shakshuki Says Output Cut Necessary to Reach $18/B
Libyan Secretary of Planning Fawzi Shakshuki a member of the three-man OPECpricing committee which met last week in Quito to recommend a return to a fixedprice of $18/B has said that he believes a cut in OPEC production will benecessary to achieve this goal. Speaking in Quito on 16 November Mr. Shakshukiasserted that "we will have to reduce production to reach $18/B," andsaid that Libya believed...
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