OPEC AND OIL PRICES

Comments on Geneva Agreement Show Differing Approaches

Post-conference comments to the press by a number of OPEC Ministers indicate that the agreement in Geneva to switch from defending prices to defending OPEC's market share is open to a wide variety of interpretations.

The new President of the OPEC Conference (and chairman of the special committee set ap in Geneva to determine how to implement the decision), Venezuelan Energy Minister Arturo Hernandez Grisanti,...