OPEC AND OIL PRICES

Yamani Warns Price Could Drop to $20/B

The Saudi Oil Minister, Shaikh Ahmad Zaki Yamani, has said that unless there is both internal discipline within OPEC and cooperation between the OPEC and non-OPEC producers, the price of oil could fall to $20/B. Speaking in an interview with the Kuwaiti daily al-Rai al'Amm on 26 November, Shaikh Yamani also repeated his warning that unless the other OPEC members observe their commitments on production and pricing, Saudi Arabia...