GCC STATES REAFIRM COMMITMENT TO $17-19/B PRICE TARGET 

The six member states of the Gulf Cooperation Council (GCC) - Saudi Arabia, Kuwait, Bahrain, the UAE, Oman and Qatar - have affirmed their commitment to the price target of $17- 19/B which is also espoused by the majority of OPEC. In a communique issued after a meeting of GCC Foreign and Oil Ministers in the Saudi Arabian town of Abha on 26-27 August, the GCC states welcomed the recent temporary OPEC agreement ova production but...