OPEC AND OIL PRICES

OPEC Ministers Pursue Contacts with Non-OPEC Exporters

Five OPEC Oil Ministers have made arrangements between them to carry out contacts with non-OPEC oil exporting countries in line with the majority decision at last month's OPEC conference in Geneva. At the Geneva conference, the 10-nation OPEC majority decided to mandate a group of Five Ministers - from Indonesia, Kuwait, Nigeria, Saudi Arabia and Venezuela - "to make the necessary contacts with non-OPEC oil...