OPEC AND OIL PRICES

Qadhafi Says Gulf War Will Escalate if Oil Price War Continues 

The Libyan leader, Col. Mu'ammar al-Qadhafi, has described the deterioration of the oil market as an "oil war" launched by the Gulf oil producers against Libya, Iran and Algeria, and has directly linked Iran's new offensives in the Gulf war with the current oil situation.

In an interview published by the Lebanese weekly al-Kifah al-'Arabi on 24 February, Col. Qadhafi said that...