OPEC DUCKS QUOTA ISSUE AMID GLUT WORRIES

The Organization of Petroleum Exporting Countries has ducked the dicey question of reestablishing quotas despite the looming prospect of a second quarter oil price slide. OPEC ministers meeting in Vienna late last month approved continuing free-for-all production in the first quarter and ordered the ministerial monitoring committee to tackle the question of second quarter production levels when it meets in Geneva Feb. 12.

Dec 9th, 1991
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