VOL. XXXV

NO. 29

20 APRIL 1992

No Further Cut In OPEC Output Ceiling Expected At 24 April Vienna Meeting

Despite the fact that OPEC's basket price for crude oil is still some $3short of the official target of $21/B, it is not expected that any furthercutback in production will be decided upon at the meeting of OPEC's MinisterialMonitoring Committee (MMC) in Vienna on 24 April.

Although quite a few member countries are expected to be in favor of afurther output cut, OPEC's largest producer - Saudi...