THE QUEST FOR DISCIPLINE
MEES Executive Editor Ian Seymour Reports from Geneva, 21 December:
Faced with perhaps the gravest threat ever to its hard pressed price structure, OPEC is endeavoring to put together a package of draconian measures to ensure the observance of discipline among member states as regards prices and production quotas. Proposals to this effect are being submitted to the governments and Heads of State of member countries during a six-day recess in the current OPEC...
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