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Odessa American in Odessa, Texas

26 Jul 1990

Page 3

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Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Jul 26, 1990

Page

3

OPEC ministers mull price rise and output limits

OPEC officials led by Saudi Arabia signaled support for raising the reference price to at least twenty dollars a barrel while capping total production around 22.5 million barrels daily. Iran backs the move. Iraq seeks relief from losses blamed on low prices amid an oil glut. Saudi and Gulf producers plan to restore prices, with Kuwait and UAE quotas adjusted. Iraq and Kuwait to meet in Saudi Arabia over a border dispute tied to oil and land.

MENTIONED IN THIS ARTICLE

Saudi Arabia Hisham Nazer Gholamreza Aggazadeh Iraq Paul Mlotok Morgan Stanley New York Kuwait United Arab Gulf Saddam
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Mubarak cites talks on Kuwait crisis with Saudi Jeddah meeting planned

Mubarak said direct talks between Kuwait and Iraq would begin in Jiddah after several preparatory meetings. He claimed Saddam denied sending troops toward Kuwait and stressed no Iraqi withdrawal date, while diplomats noted missiles and armor visible toward Kuwait and the U.S. preparing short notice naval air exercises with UAE.

MENTIONED IN THIS ARTICLE

Kuwait United Arab Mubarak Iraq Cairo Jiddah Saudi Arabia Saddam Bor
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