King Fahd Calls for Return to 16mn b/d OPEC Ceiling

King Fahd ibn 'Abd al-'Aziz of Saudi Arabia has again stressed that OPEC's current problems could be solved if the member countries returned to the previous 16mn b/d ceiling and adhered to the quotas allocated to them.

According to a Saudi Press Agency (SPA) report on 24 June, King Fahd affirmed that "everyone's interest lies in agreement on balanced production levels," and that "the adherence...