CEASEFIRE ON THE OPEC FRONT
MEES Editor Ian Seymour Reports on the outcome of OPEC's Geneva Conference
At least one thing can be said about OPEC conferences - they are never lacking in surprises, even for the leading participants and closest observers. Had anyone ventured, three or four days earlier, to predict the actual outcome - a temporary return to the discarded November 1984 quotas (under the 16mn b/d ceiling) with Iraq being left free to produce what it wants, and that at the...
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