IRAN FALLS IN LINE WITH OPEC MAJORITY ON PRICES

Iran has now pegged its official selling prices at levels consistent with those set by the OPEC majority at last month's Geneva conference. In Geneva nine OPEC countries agreed on a new price structure for differentials based on a $28/B marker price for Arabian Light $1 down from the previous $29/B benchmark, partially offset by a 50-cent rise in heavy crude prices - but Algeria, Iran and Libya dissociated themselves from the decision, and...