ANY PRICE WAR WOULD BE SHORT-LIVED SAYS KUWAIT'S 'ALI KHALIFAH

Any price war in the world oil market is likely to be a short-lived affair, leading to a compromise solution between oil exporting countries both inside and outside OPEC to defend prices at a specified level, according to the Kuwaiti Oil Minister Shaikh 'Ali Khalifah al-Sabah.

Speaking in an interview with the Kuwait daily al-Qabas on 20 January, Shaikh 'Ali had the following comment to make when questioned...