OPEC AND OIL PRICES
Oman Will Follow OPEC on Fixed Oil Price System
Oman's Minister of Petroleum and Minerals, Mr. Ahmad Sa'id al-Shanfari, hasdeclared that Oman will adopt fixed prices for its crude oil exports if OPECreturns to a similar system. In an interview with Reuters on 4 December, he wasquoted as saying: 'If OPEC decides to return to a fixed pricing structurepolicy, we shall also do the same." Oman has so far been assessing its termcontract prices for...