OPEC

Subroto Calls for More Flexible OPEC Pricing System 

Dr. Subroto, Indonesia's Oil Minister and President of the current session of the OPEC Conference, has proposed that OPEC should consider replacing its present system of fixed official prices for crude oil with a more flexible approach. "My own feeling is that it may not be realistic to stick to official prices, and that it may be realistic to accept a certain range in pricing," Dr. Subroto told a press conference...