VOL. XXXVI
NO. 26
29-MARCH-1993
OPEC And The Price Of Oil In '93
by Francisco R. Parra
The following article is based on a talk given by Mr. Francisco R. Parra -a former Secretary General of OPEC and senior executive in Petroleos deVenezuela - at the Advanced International Petroleum Executive Seminar held byPetroleum Economics Limited in Divonne, from 9 to 11 March 1993.
Measured by its own targets, OPEC's performance on price- setting has beengrossly inadequate over the past five-plus years....
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