Export Petroleum Association, Inc. was formed to handle the export business of members. Prices are changed only by a unanimous vote. Large exporters have recently contended that export prices are too high, fail to reflect the supply & demand situation, hinder selling in foreign markets. Some members have been interested in keeping the price high. A few oil companies not belonging to the Association have been underselling it. Last week Export Petroleum Association suddenly withdrew its price schedule; each company will now handle its own...
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