GCC OIL MINISTERS ENDORSE SAUDI STAND ON MAINTAINING APPLICATION OF OPEC PRICE AND PRODUCTION ACCORD

As expected (see last week's MEES), the Oil Ministers of the six member states of the Gulf Cooperation Council (GCC) - Saudi Arabia, Kuwait, the UAE, Bahrain, Oman and Qatar - have come out with a full endorsement of the stand previously enunciated by Saudi Arabia regarding the continued application of the terms of last December's OPEC accord on production and prices until the end of...