VOL. XXX

NO. 13

5-JANUARY-1987

THE OIL PRICE SCENE: NON-OPEC

USSR Backs OPEC with $18.30/B Price Proposal

Non-OPEC support for the OPEC price is also apparently forthcoming from theSoviet Union, which is reportedly proposing a price of $18.30/B for Februarydeliveries of Urals crude. At year end, on 31 December, the spot price for Uralscrude was being quoted at $17.5017.60/B.