VOL. XLVII

No 18

03-May-2004

OPEC

Naimi Stresses Commitment To Price Band, Expands On Saudi Reserves, Capacity

Saudi Arabias Oil Minister Ali Naimi on 27 April reiterated the kingdoms commitment to OPECs preferred price band of $22-28/B for the OPEC Basket, saying that the OPEC Basket price of $25/B was fair for both the producer and the consumer. In his paper to the Center for Strategic and International Studies in Washington DC entitled The Global Energy Market and US-Saudi Petroleum Relations,...