OPEC AND OIL PRICES

Nabi Attacks Market Share Strategy, Sees Bleak Outlook

Algeria's Minister of Energy and Petrochemical Industries, Mr. Belkacem Nabi, has bitterly attacked the 'defense of market share' policy supported by the 10-member OPEC majority, describing it as a "meaningless choice," and has expressed pessimism about the oil outlook, saying that a price war "is more than we can handle and we cannot win it."

In an interview with the Kuwaiti daily ...