VOL. XLII

No 50

13-December-1999

OPEC

Naimi Affirms Saudi Commitment To Stabilize Markets;Richardson Warns Of Prices Drifting To "Dangerously High Levels;"Norway Extends Production Cuts To End 1Q2000

Mr. Ali Naimi, the Saudi Arabian Minister of Petroleum andMineral Resources, has sent a clear message to the markets that his country,along with other producers, will respond forcefully in case of any major supplydisruptions. "We have said all along if there were sudden disruptions, ifthere were any...