OPEC

Indonesia Calls for Price Stabilization at $20-25/B 

At the forthcoming OPEC conference in Geneva, Indonesia will propose that member countries should agree on a "fair" price for oil and then hold talks with non-OPEC producers on production levels which would be required to support such a price, according to Indonesia's Oil Minister, Dr. Subroto. Noting that his proposal was intended as a compromise between the positions of the OPEC hardliners - Algeria, Iran and...