OPEC

China Continues Support for OPEC

China - which last year announced an 80,000 b/d cut in ex- ports in support of OPEC's market stabilization program (MEES, 22 September 1986) - has reiterated that it will continue to cooperate with OPEC. Vice Premier Li Peng told the visiting Venezuelan Oil Minister, Dr. Arturo Hernandez Grisanti, on 8 July in Peking that China "highly appreciates OPEC's efforts to stabilize the market" and had no plans to increase production in the...