No. 19

12 May 1997


Worried About Prices, OPEC Ministers Call ForRecommitment To Quotas And Continued Freeze In June

Meeting in Isfahan, Iran, on the eve of an oil and gas conference, Oil Ministersof seven OPEC member countries - Iran, Venezuela, Indonesia, Nigeria, Kuwait, Libya and Qatar- seem, on the face of it at least, to have reached some kind of a consensus on three importantquestions: firstly that the $7/B reduction in crude oil prices since the beginning of the year is acause...