SAUDI GOVERNMENT INSISTS ON APPLICATION OF OPEC PRICE AND PRODUCTION ACCORD TILL END OF 1987

Saudi Arabia considers that adherence by all the OPEC countries to the quotas and prices in the December 1986 Geneva agreement is "an extremely vital matter" for continued market stability and balancing supply and demand "until the end of 1987." A statement to this effect by the Saudi Information Minister, Mr 'Ali Sha'ir, to the Saudi Press Agency after a Cabinet meeting...