SAUDI ARABIA: Against Crude Oil Prices From: APS Review Gas Market Trends | Date: February 3, 1992 | COPYRIGHT 1992 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

A key factor to energy pricing in the foreseeable future, Saudi Arabia wants to make sure crude oil prices would not rise this year. But it would prevent their collapse and would make sure no other OPEC member would be in a position to under-price Saudi crudes.

So provided that all other OPEC members accept a pro-rata cut in their oil production, Saudi Arabia would agree to reduce its output accordingly. Until Feb. 12, its production would be limited to 8.4 million b/d, i.e., about 34 percent of OPEC's collective ceiling; but this is only temporary because Riyadh insists that its ...

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