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...