OPEC AND OIL PRICES

Soviet Oil Exports to Eastern Europe to Rise Slightly in Next Five Years 

The Soviet Union, while joining the UK and Norway in claiming that it has only a minimal ability to influence world oil prices, has indicated that it does not expect its oil exports to Eastern Europe to increase significantly over the next five years. At a news conference in Moscow on 18 February, the Director of the Institute of Economics of the World Socialist System, Mr. Oleg Bogomolov...