NOS. 13/14

27-DEC-93/3 JAN 94


OPEC Reaches Key Turning Point, Says CGES

OPEC has reached a key turning point, according to the latest (13 December)issue of the Monthly Oil Report published by the London-based Centre forGlobal Energy Studies (CGES). It must decide soon whether it intends to defendprices or market share. CGES argues that the present situation is reminiscentof 1985, "when Saudi Arabia had to decide whether it should continue tosupport oil prices by yielding market...