VOL. XXXVII

NO. 19

7-FEBRUARY-1994

OPEC

No Movement On Producer Consultations Front

There was little interest shown last week by either OPEC or non-OPECproducers to bring about a speedy resolution of the prevailing oil price crisis.The general impression is that no-one seems to be in a hurry to make thecompromises required for a production agreement. The producers are evidentlyhoping that market forces will change direction and bring prices up just as theybrought them down late last year. Mr. 'Ali...