OPEC FAILS TO AGREE ON NEW QUOTA DISTRIBUTION
MEES Executive Editor Ian Seymour Reports from Vienna 4 October
Given the various constraints - such as the political fallout from the Iraq-Iran war, to say nothing of the many other individual problems of the OPEC member states - OPEC's failure at its Vienna meeting to agree on a redistribution of output quotas was eminently predictable. In view of the unanimous agreement that there was no room for an increase in the overall OPEC ceiling...
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