VOL. XLIV
No 49
3-December-2001
OPEC
OPECPolicy Is To Preempt Market Collapse Says Muhanna
OPECspolicy is to take steps to preempt a market collapse and avoid a new crisisover prices, according to Ibrahim Muhanna, Advisor to Saudi Arabias Minister ofPetroleum and Mineral Resources, in an article published in Asharq al-Awsaton 25 November. In this context, Dr Muhanna said OPEC and non-OPEC statesshould increase cooperation to allow prices to settle at around $22-25/B forthe OPEC basket. At the 14...
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