VOL. XLV

No 46

18-November-2002

OPEC

OPEC Price Band Working Smoothly And Will Continue, Says Muhanna

The OPEC price band mechanism has been working smoothly for more than three years and although it is not unanimously supported by all producers and consumers, it will continue to be used for the foreseeable future, Dr Ibrahim al-Muhanna advisor to the Saudi Oil Minister said. Speaking at the EIG-sponsored Oil & Money Conference on 6 November, Dr Muhanna said that the price band appears to be...