P528ORACLE 528 Mon27 Jan C4 1711:13
SAUDI 'CALL FOR
OPEC PRICE TALKS'
Saudi Arabia is reported to have called
for an emergency meeting of OPEC oil
ministers in an attempt to halt the
collapse in oil prices.
A senior official from Libya, which is
backing the Saudi call, said King Fahd
had agreed at a meeting in Riyadh
yesterday to host an OPEC conference.
No doubt was given by the official, who
is visiting Gulf leaders, but a report
yesterday suggested the 13-nation
cartel was set to meet in February.
Kuwait oil minister Sheikh Al-Sabah
is to fly to Saudi to discuss prices.
Marketing Week ....see page 519