VOL XXX

NO. 8

1-DECEMBER-1986

OPEC AND OIL PRICES

Grisanti Sees 'New Internal Political Reality' in OPEC

Venezuela's Minister of Energy and Mines, Dr. Arturo Hernandez Grisanti,believes that "a new reality and a new consensus" within OPEC willenable the Organization to overcome the obstacles facing it in returning to afixed oil price. In a television interview on 25 November, Dr. Grisanti pointedout that the Saudi proposal for a price of $18/B had received almost unanimoussupport, and that "in my...