VOL. XXXIV

NO. 21

25-FEBRUARY-1991

OPEC

OPEC's Production Level Should Be Reduced to 21.5mn b/d, Says Kartasasmita

Mr. Ginandjar Kartasasmita, the Indonesian Mines and Energy Minister, said on18 February that OPEC should reduce its production level to 21.5mn b/d in thesecond quarter of this year, from the current level of over 23mn b/d, if itwants a good price level. He called upon OPEC's Market Monitoring Committee,which is scheduled to meet in Vienna on 11 March, to review the situationbecause...