VOL. XXXVI
NO. 48
30-AUGUST-1993
OPEC
OPEC Needs More Realistic Quota System
According to the latest (16 August) issue of the Monthly Oil Report publishedby the London-based Centre for Global Energy Studies (CGES), recent events haveillustrated the inherent weakness of OPEC's June decision to roll over theFebruary quotas during a period when the need for OPEC oil was bound to exceedthe quota total. Prices have fallen heavily owing to OPEC's inability to tailorits output to match demand more...
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