9 MARCH 1987
OPEC AND OIL PRICES
OPEC Cancels Plans for 2 April Meeting of Differentials; ReaffirmsDetermination to Defend Official Price
OPEC has abandoned plans to hold a meeting of the seven-member MinisterialCommittee on Price Differentials (MCPD) headed by the UAE Oil Minister, Dr. ManaSaeed al-Otaiba, which had been proposed for 2 April (MEES, 2 March). Thecancellation of the MCPD meeting no doubt reflects the cur- rent opinion of theOPEC majority, and particularly the...