OPEC

OPEC Committee Working on New Formula for Differentials 

The committee of experts set up by the last OPEC conference (held in July in Vienna) to look into the differentials problem is working on a new formula for establishing relative values between the various OPEC crude oils, MEES understands. The committee, composed of Messrs Ranzi Salman (Iraq), Farouk al-Husseini (Saudi Arabia), Youcef Yousfi (Algeria) and Muhammad al-Qasimi (UAE), held its first meeting in Vienna on 19-21...