NO. 11


OAPEC Meeting Provides Opportunity For Consultations On MarketDevelopments

MEES Executive Editor Walid Khadduri Reports from Damascus:

The one-day annual meeting of the oil ministers of the Organization of ArabPetroleum Exporting Countries (OAPEC) in Damascus last week was overshadowed bycollapsing oil prices, and while OAPEC does not discuss oil prices orproduction, the ministers found ample time to hold private and informaldiscussions on the subject (see page...