VOL. XXX

NOS. 11/12

22/29 DECEMBER1986

OPEC AIDS TO ELIMINATE ALL NETBACK SALES DEALS BY 1 FEBRUARY

MEES Editor Ian Seymour Reports on the OPEC Agreement Reached in Geneva on 20December

OPEC's new accord on production and prices, reached after so much travail inGeneva on 20 December, is nothing if not ambitious. Using a substantialproduction cut in the first half of 1987 as a tool, the objective is to boostthe general price level to $18/B and set the stage for a rapid return to OPEC'sformer...