NO. 1


Governing Board Conclusions On The Gulf Situation

The following is the text of the statement issued by the IEA Governing Boardfollowing its meeting in Paris on 28 September.

The Governing Board

Having considered at its meeting in Paris on 28thSeptember 1990 the reports of the Standing Group on Emergency Questions (SEQ)and the Standing Group on Oil Markets (SOM) which agree with the Secretariatanalysis that there currently is no physical shortfall of crude oil or...