For the Record (3)

Saudi Arabia is likely to raise its oil prices by up to $4 per barrel and trim production by 1 million barrels a day if other oil producers agree to freeze their prices for the rest of 1980, Marwan Iskandar, a leading Arab economist, said Sunday. Such a deal would be the logical outcome of the OPEC ministerial meeting opening in Algiers June 9, he said.

of 5 stories this month > Get unlimited stories
You've read 5 of 5 free stories

Only $1 for your first month.

Get unlimited Monitor journalism.