Word: yamani
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...Yamani said that his comments would anger some of his peers but that a majority of OPEC members were coming around to his thinking...
Speaking at a Kennedy School of Government symposium, Sheik Ahmed Z. Yamani urged all oil-producing nations to prevent fluctuations in world oil prices by establishing a collective price structure based on the long-term equilibrium between supply and demand...
Yamni, a 1960 graduate of the Law School, made his comments before more than 650 spectators at a symposium entitled "Oil Markets: Past, Present and Future--Personal Reflections of His Excellency Ahmed Zaki Yamani...
...minister of one of the most powerful OPEC nations, Yamani said pricing by oil producers based only on short-term supply and demand trends led to the dramatic fall in petroleum prices from more than $30 per barrel in 1980 to a low of $9 in July...
Criticizing the call for import restrictions, Yamani warned that such pressures could "lead to trade wars and spell the end of free trade practices...