VOL. XLVII

No 01

5-January-2004

OPEC

GCC Pledges To Work To Secure Oil Supplies

A statement issued at the end of the GCC summit in Kuwait on 22 December contained a pledge by the council, because of its responsibility to the international community, to work to secure oil supplies and confront any exceptional circumstances that negatively impact on the stability of oil markets and the growth of the world economy, within the context of OPEC and in cooperation with producers outside OPEC. The GCC...