OPEC AND OIL PRICES

Saudi Puzzled by Lack of Response to their Complaint to OPEC about overproduction

MEES understands that Saudi Arabia has not yet received any reply or response from the President of OPEC in respect of its recent complaint about over-quota production by some unspecified OPEC members. A telex to this effect was sent by the Saudi Oil Minister, Mr. Hisham Nazer, to Mr. Rilwanu Lukman, the Nigerian Oil Minister and current President of OPEC, on 29 July (MEES, 3 August). The...