The Saudis turn on the tap to restore the marker price

Issue 3 - 30 Jul 1979
Pre-Geneva bargaining has turned into reality: the Saudis have finally and unequivocally announced that they are raising production on a temporary basis. The real reason for this move - to calm the market and stabilize prices - shines through the transparency of the official announcement's claim that the Kingdom needs extra revenue to fund its development program, but still does not guarantee success.

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