OPEC'S G5 SEES $17-19/B AS APPROPRIATE TARGET FOR PRICE STABILIZATION

MEES Editor Ian Seymour Reports on the 23-25 May Meeting of OPEC's Group of Five in Taif, Saudi Arabia

At their meeting in Taif, Oil Ministers from six leading OPEC oil exporting countries reached what might be described as points of consensus or general understandings on a number of important issues. Among these, MEES learns, is an understanding between the Ministers concerned that the appropriate price target...