OPEC AND OIL PRICES

Algerian Press Attacks Saudi Arabia

The semi-official Algiers daily El Moudjahid has again attacked Saudi Arabia as chiefly responsible for the current collapse in oil prices, accusing it and certain other unnamed OPEC countries of launching "a ruinous and dramatic price war."

In a full page article on 18 February - timed to coincide with a meeting in Algiers of the Oil and Foreign Ministers of Algeria, Libya and Iran - the daily described the fall in oil...