VOL. XXX

NO. 23

16-MARCH-1987

OPEC AND OIL PRICES

OPEC Ministers Optimistic

Against the background of a further increase in spot market prices (withApril Brent rising from $17.55/B at the end of last week to $17.85/B on 13March), intensive inter-OPEC consultations over the past week appear - to judgefrom statements made by the various officials involved - to have resulted in aconsensus that (1) contrary to media reports, OPEC production in February waswell within the 15.8mn b/d ceiling, (2) in...