WATCHING THE WORLD AN OPEC TRADING HOUSE

With Roger Vielvoye from London Success of the futures and forward markets and failure of the Organization of Petroleum Exporting Countries to achieve its crude oil price targets are constant sources of irritation to many members of the exporters' club. Production quotas have been a dismal failure. And only once in the past 5 years have OPEC minimum price targets been achieved for any length of time--in the aftermath of Iraq's invasion of Kuwait.

Sep 30th, 1991
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