Word: messaoud
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...reflect world inflation and price increases on manufactured goods the oil producers buy. The world recession has reduced demand for oil enough to create a sizable glut, but OPEC members are cutting production rather than making any substantial reduction in prices. "We are masters of the oil price," declared Messaoud Aït-Chaalal, chief Algerian delegate to the Paris conference...