SAUDI ARABIA REITERATES COMMITMENT TO OPEC ACCORD

  Saudi Arabian Oil Minister Hisham Nazer
  reiterated the kingdom's commitment to last December's OPEC
  accord to boost world oil prices and stabilize the market, the
  official Saudi Press Agency SPA said.
      Asked by the agency about the recent fall in free market
  oil prices, Nazer said Saudi Arabia "is fully adhering by the
  ... accord and it will never sell its oil at prices below the
  pronounced prices under any circumstance."
      Saudi Arabia was a main architect of December pact under
  which OPEC agreed to cut its total oil output ceiling by 7.25
  pct and return to fixed prices of around 18 dollars a barrel.
  

