OPEC AND OIL PRICES

Saudi Arabia Reaffirms Support for OPEC 

Saudi Arabia has denied press reports that it plans to leave OPEC and has reaffirmed its support for and commitment to the Organization.

In a statement broadcast on Riyadh radio on 21 July, an official spokesman said that "the more Saudi Arabia issues statements explaining its role in OPEC, its commitment to the allocated quotas and its continuing support for prices, the more it finds itself the object of tendentious...