VOL. XXX

NO. 18

9-FEBRUARY-1987

SAUDI ARABIA

Saudi Arabia Denies Forecasts of Overproduction

Saudi Arabia has strongly denied that its commitments under various barterdeals will force it to produce more than its OPEC quota, and has reaffirmed itsadherence "to the spirit and letter" of OPEC's December agreement.

The Saudi statement attributed to a "responsible source" at the OilMinistry and issued by the Saudi Press Agency (SPA) on 4 February was made inresponse to a forecast in the Economist...