VOL. XXXIX

No. 25

18-March-1996

OPEC

Gulf Producers Unwilling To Cut Output To Accommodate Iraq If Quota Busting By Other OPEC Members Persists

Arab Gulf member states of OPEC, including Saudi Arabia, will not cut their oil production to make room for any resumption of Iraqi oil exports if rampant quota violations by other OPEC members continue, according to "well-placed Gulf sources" quoted by Reuters on 12 March. The sources said that if all 12 members observed their production...