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CIA Reading Room cia-rdp85m00363r001403220007-7: OPEC: AWAITING THE MARKET'S VERDICT

Approved For Release 2007/10/19: CIA-RDP85M00363R001403220007-7 '3ecrer International Economic & Energy Weekly Perspective OPEC: Awaiting the Market's Verdict The longest ministerial meeting in OPEC's history ended in London this week with the unprecedented decision to lower official oil prices by $5 per barrel. The most important points of the new agreement are: ? The official price of Arab Light, OPEC's benchmark crude oil, was lowered to $29 per barrel. ? An overall production ceiling of 17.5 million b/d was set as an average for the rest of the year. ? Individual production quotas were all…

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Source	Internet Archive
Collection	International records
Kind	Document
Publisher	CIA Reading Room
Date	1983-03-18
Type	texts
Details	ia description
Found at	https://archive.org/details/cia-readingroom-document-cia-rdp85m00363r001403220007-7
Archived copy	Look it up in the Wayback Machine
Record ID	`internet-archive:cia-readingroom-document-cia-rdp85m00363r001403220007-7`

Cite this record

CIA Reading Room cia-rdp85m00363r001403220007-7: OPEC: AWAITING THE MARKET'S VERDICT. Internet Archive, 1983. Vero Archive, record internet-archive:cia-readingroom-document-cia-rdp85m00363r001403220007-7.