VOL. XXX

NO. 29

27-APRIL-1987

SAUDI ARABIA DOES NOT FAVOR OIL PRICE RISE ABOVE $18/B UNTIL DEMANDREVIVES STRONGLY

Despite recent suggestions emanating from US congressional and oil industrycircles that Saudi Arabia may be moving towards a more hawkish stance on oilprices (MEES, 13 April), MEES understands from authoritative Saudi sources thatthere has in fact been no change in the Kingdom's oil price policy. This isfirmly based on what is perceived in Saudi Arabia as the necessity to restorethe...