OPEC SHOULD SCRAP OBSESSION WITH MARKER PRICE AND FOCUS ON DEFENSE OF OVERALL PRICE LEVEL, SAYS KUWAIT'S 'ALI KHALIFAH

In their current effort to hold the price line OPEC countries should not allow themselves to become obsessed with maintaining the value of any one particular crude - even if the price of that crude has taken on the aura of a symbolic benchmark - according to Kuwait's Oil Minister Shaikh 'Ali Khalifah al-Sabah. "What is really important," Shaikh...