OPEC AND OIL PRICES

Yamani Says Oil Price War Appears Likely Next Year 

An oil price war appears likely next year which could send oil prices temporarily below $20/B, according to the Saudi Arabian Oil Minister, Shaikh Ahmad Zaki Yamani. Shaikh Yamani delivered this warning in a Jiddah interview with Bob Hagerty of the International Herald Tribune, published on 8 November.

In an apparent signal to both OPEC and non-OPEC countries, the Saudi Oil Minister said that an oil price war...