VOL. XXX

NO. 13

5-JANUARY-1987

SOME COMMENTS ON OPEC AGREEMENT

Fahd Says $18/B Is Minimum: Nabi Calls for $28/B

King Fahd ibn 'Abd al-'Aziz of Saudi Arabia has indicated that the recentOPEC agreement to return to a fixed price of $18/B does not mean that eitherprices or production will not be increased if market conditions permit. Speakingat the University of Petroleum and Minerals in Dhahran on 25 December, King Fahdsaid that "I believe the OPEC countries this time became fully convincedthat a...