VOL. XXX

NO. 13

5-JANUARY-1987

THE OIL PRICE SCENE: NON-OPEC

Malaysia Will Cut Production Further

Malaysia will back the OPEC decision to return to a fixed price of $18/B witha further 7.25% production cut, according Malaysian Prime Minister MahathirMohammad. Dr. Mohammad told reporters on 21 December that "we will go alongwith OPEC ....we will cut back, but the important thing is to see whether theOPEC members adhere to their decision."

Malaysia has already cut its oil output by 10% from 510,000...