OPEC and OIL PRICES
Otaiba Favors Extension of Quota Agreement
Dr. Mana Saeed al-Otaiba, the UAE Minister of Petroleum and Mineral Resources, has proposed that the current two-month OPEC agreement to reimpose quotas should be extended to the end of the year. Speaking at a university in Tokyo on 24 September, he said that the extension would "allow enough time to reach agreement on a new forumla which will provide stability in the world oil market and lead to gradual and modest...
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