VOL. XXX

NO. 22

9-MARCH-1987

OPEC AND OIL PRICES

King Fahd Reaffirms Necessity for Fixed Oil Price

King Fahd of Saudi Arabia has reaffirmed the necessity for keeping the priceof oil at a fixed level. In an interview with the Arabic-language weekly al-Hawadethon 27 February, King Fahd also said that the oil price should move higher orlower in line with its purchasing power, including changes in the value of theUS dollar.

The following are the relevant passages in the al-Hawadeth interview (MEES...