VOL. XXX

NO. 23

16-MARCH-1987

OPEC AND OIL PRICES

Shell Chairman Lauds OPEC Price Stabilization Effort

Mr. Peter Holmes, the Chairman of the Royal Dutch/Shell Group of Companies,has signalled his confidence in OPEC's efforts to stabilize the oil pricestructure at $18/B and in its determination to adhere to last December's priceand production agreement. In a press conference in London on 5 March presentingthe 1986 results of his company, Mr. Holmes said, "OPEC have doneextraordinarily well and...