Skip to footer

OPEC plans crisis session to avert oil price collapse

  • By Compiled From Dispatches With Analysis From Monitor Correspondents Around The World
  • Edited By Linda Feldmann

| Manama, Bahrain

Eight OPEC ministers agreed Sunday to hold a crisis meeting of the organization Jan. 23 in Geneva to head off a possible oil price collapse. Saudi Oil Minister Sheikh Ahmed Zaki Yamani said there was a good chance of agreeing to share the dwindling oil market.

Iraqi Oil Minister Qassem Ahmed Taqi said that what he called the rule-abiding majority in the Organization of Petroleum Exporting Countries might cut prices to restore flagging sales unless other members stopped breaching price and output accords.

You've read 3 of 3 free articles. Subscribe to continue.
QR Code to OPEC plans crisis session to avert oil price collapse
Read this article in
https://www.csmonitor.com/1983/0117/011718.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe
CSM logo

Why is Christian Science in our name?

Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.

The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.

Here, you’ll find award-winning journalism not driven by commercial influences – a news organization that takes seriously its mission to uplift the world by seeking solutions and finding reasons for credible hope.

Explore values journalism About us