VOL. XXX

NO. 7

24-NOVEMBER-1986

OPEC AND OIL PRICES

Quito Decision Unanimous Says Kuwait Minister

According to the Kuwaiti Oil Minister, Shaikh 'Ali Khalifah al-Sabah, theOPEC price committee which met in Quito last week was unanimous in its decisionto raise the price of oil to $18/B "while also defining a certain method ofapplying it to ensure a swift and easy application." Speaking in aninterview published by the Saudi daily al-Riyadh on 16 November, Shaikh 'Alipointed out that the question of...