VOL. XXXV

NO. 24

16 MARCH 1992

OPEC Moves Towards Target Output Reduction In March

Although a final verdict will have to await the end of the month, there arenow concrete indications that OPEC is moving towards achieving at least the bulkof its planned output reduction to 23.1mn b/d in March, representing a cut of1.2mn b/d from the estimated February figure.

Significant positive progress appears to have been registered in some ofthe hitherto grey areas of March production projections among the...