VOL. XXX

NO. 14

12-JANUARY-1987

BUYERS SHOW RELUCTANCE TO ENTER INTO TERM VOLUME COMMITMENTS AT FIXED PRICES

Buoyed by a firm market trend for both crude oil and products with the Brentcrude price remaining above $18/B throughout the past week more OPEC countrieshave come out with notifications of fixed official prices for their crude oilexports with effect from 1 February. So far nine OPEC countries Saudi Arabia,Iran, Iraq, Kuwait, Nigeria, Libya, Algeria, the UAE and Qatar have notifiedtheir...