OPEC AND OIL PRICES

Soviet Press Attacks West on Oil Prices 

In articles published in the two main Soviet dailies Izvestia and Pravda on 23 March, the Soviet Union has accused Western countries and companies of manipulating the world oil market in order to drive oil prices down.

As far as Izvestia is concerned "the losses of oil exporters turn out to be of direct benefit to importing capitalist states," since "western countries estimate they will save $15bn on oil...