VOL. XXXVI

NO. 51

20-SEPTEMBER-1993

OPEC

Another Historic Crisis For OPEC

OPEC has reached another critical point in its 33-year history, accordingto a comment in the September issue of the Monthly Oil Report published by theLondon-based Centre for Global Energy Studies (CGES). It points out that,although conditions are actually quite different today, "the current oilprice weakness due to persistent OPEC over-production in a static market isreminiscent of the 1986 price crash."

With the price of...