VOL. XLIV

No 41

8-October-2001

SAUDIARABIA

NaimiPunctures Myth Of OPECs Power To Dictate Oil Prices

Despiteall the changes of past years and lessons learned by producers and consumersfrom market developments, there are some myths about OPEC and its role thatstill influence the thinking of many, according to Saudi Oil Minister Alial-Naimi, in an address to a seminar in Vienna on 28 September organized byCWC/OPEC. The first myth was that OPEC, with 35% of world oil output, candictate world oil...