UAE: $30 Barrel Will Not Trigger OPEC Action

Thursday, December 09, 1999
The United Arab Emirates oil minister suggested in remarks published last Thursday that a brief spike in oil prices to $30 would not trigger a response by OPEC to raise output, because the average price for the year would still be about $18 per barrel, below prices recorded in 1996 and 1997.
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Russian Navy Expansion Gathers Momentum

The Russian Navy celebrates its professional holiday by putting two new submarines into service and expects a new warship in the fall and several additional ships

Three Share in Navy US$96.8-M Twin-Ship Modernization Contract

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