VOL. XLII

No. 24

14-June-1999

OPEC

Oil Exporters Consulting On Strategy To Keep Brent Prices In$18-20/B Range

A senior Gulf official who is familiar with Saudi oil policyhas been quoted as affirming that members of OPEC together with some non-OPECexporters are curently involved in consultations with a view to devising astrategy to stabilize crude oil prices in the range of $18-20/B (for Brent) byintervening in the market whenever prices move outside the targeted band. Thisserves to confirm an...