OPEC AND OIL PRICES

Egypt Still Willing to Cooperate But Doubts OPEC Ability to Agree on Output Cuts

In an interview with the Abu Dhabi daily al-Ittihad of 1 April, Egyptian Oil Minister Abd El-Hady Kandil said that Egypt and the other non-OPEC oil producers were still willing to cooperate with OPEC to curb output and support prices, but expressed doubt that OPEC would be able to agree on production cuts. "The possibility of cooperation is still there if all are sincere - which is...