VOL. XXXV

NO. 33

18-MAY-1992

Tough Bargaining On 3Q Production Expected At OPEC's Vienna Conference

As usual on such occasions, OPEC's forthcoming ministerial conference, due toget underway in Vienna on 20 May, is likely to witness a toughly bargainedtug-of-war between member countries regarding allowable production in the thirdquarter.

The expectation is that this OPEC meeting will confine itself to decidingon the production ceiling and distribution for the third quarter, leaving anydecision on...