OPEC AND OIL PRICES

No Market Committee Meeting Says Subroto

Despite the recent rise in oil prices, the five-member OPEC committee set up at the Vienna conference in June to monitor price movements has no plans to meet, according to Indonesia's Mines and Energy Minister, Dr. Subroto. Dr. Subroto, himself a member of the committee, said that the price increases appeared to be of a "speculative" nature and that OPEC would have to look to the longer term to see whether they...