OTHER NEWS - Nov. 21, 1995

Saudis Favor OPEC Quota Freeze: Saudi Arabia threw its weight behind a new freeze on OPEC supply quotas to boost sagging world oil prices. The linchpin of the Organization of the Petroleum Exporting Countries also expressed displeasure on the eve of OPEC talks in Vienna over alleged quota violations by some cartel members. Persian Gulf sources said Saudi Arabia saw a freeze on the current OPEC ceiling of 24.52 million barrels daily for at least six months as a way to raise prices. The kingdom is of the view that production would “rise sharply” if all 12 OPEC exporters stuck by quotas, a source added.