WATCHING THE WORLD OPEC AGAINST THE ROPES

With David Knott from London The Organization of Petroleum Exporting Countries is against the ropes and taking a beating. It still claims to have a killer punch, though. Oil prices are the lowest in 5 years, with booming non-OPEC production a major cause. Yet the markets and non-OPEC producers, as usual, are looking to OPEC for production cuts to protect prices. London's Centre for Global Energy Studies (CGES) reports that November non-OPEC oil production, excluding the former Soviet

Dec 27th, 1993
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