VOL. XXXVII

NO. 51

19-SEPTEMBER-1994

An OPEC View On Current Oil Issues

by Ali A. Fituri

The following is the text of an address delivered by Mr. Ali Fituri at theOxford Energy Seminar on 8 September. Mr. Fituri is Libya's representative onOPEC's Board of Governors, and is currently Acting for the Secretary Generalof OPEC.

The present situation in the international oil market is one in which pricesare low, extremely sensitive and subject to wild fluctuations. In the year upto the middle of August,...