VOL. XXX

NO. 20

23-FEBRUARY-1987

OPEC/NON-OPEC AND OIL PRICES

Dubai Agrees to Cut Output by 10%

The UAE emirate of Dubai has reportedly agreed to cut its crude oilproduction by 10% with effect from 15 February as a gesture of solidarity withOPEC's market stabilization effort. Although, as a federated state, the UAE is amember of OPEC, each individual emirate in the federation does, according to theconstitution, have full charge of its own oil policy; and Dubai hastraditionally followed a policy...