NO. 46


Saudi Arabia

King Fahd Foresees Future Rise In Price Of Oil; Says Saudi Arabia HasOvercome Financial Crisis

King Fahd of Saudi Arabia has said that he expects oil prices to rise ratherthan decline in the future owing to the projected growth in world oilconsumption and the inability of some small producing areas to maintain outputlevels. In an interview with the Kuwait daily al-Siyasah published on 7 August,King Fahd notes that the oil production of Gulf...