NO. 43

24 JULY 1995

OPEC Is Not Expected To Freeze Production Ceiling Next November, SaysSaudi Oil Official

Dr. Muhammad al-Sabban, Adviser to the Saudi Minister of Petroleum andMineral Resources, said last week that in light of recent market developments,"OPEC is not expected to freeze its production ceiling for next year at itsmeeting in November." Dr. al-Sabban argued, in an article published in theArabic language London-daily Asharq Al-Awsat on 15 July, that OPEC should setits...