KUWAIT'S 'ALI KHALIFAH SUGGESTS LINKING OPEC PRICE TARGETS TO DEMAND FOR OPEC OIL
Kuwait's Oil Minister, Shaikh 'Ali Khalifah al-Sabah, has suggested that, instead of hankering after price formulas, such as inflation indexation, which have nothing to do with the oil market, OPEC should link its price target i.e., the price it is prepared to support with its production control system fairly and squarely to trends, upward or downward, in demand for OPEC oil.
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