OEPC TALKS OPEN TODAY
Oil ministers from the 13-member Organization of Petroleum Exporting Countries begin an emergency meeting here Monday to seek a credible oil-price-support agreement. There were indications members might seek to roll over the current accord reached in August, to win time to negotiate a permanent settlement. Failure to do so would likely cause oil prices to resume a slide that was halted in August, after OPEC adopted an interim price-support system limiting its global production to 16.8 million barrels a day, from a January-to-August average of about 18.6 million. It would also weaken the commitment of non-OPEC countries - including Mexico, Egypt and Norway - that offered voluntary export cuts to back the OPEC effort.
