OPEC AND OIL PRICES

OPEC Secretariat Report Highlights Confusion over Actual Production

The reference in the OPEC communique issued after the meeting of the two ministerial committees in Vienna last week to "the possibility of instituting an on-site production monitoring system" underlines the concern within OPEC over the current lack of accurate information whether firsthand from the OPEC members themselves or from secondary sources on production levels. ins things stand at...