VOL. XXXIV

NO. 22

4-MARCH-1991

OPEC Looks At Output Cutback Required To Balance Market In 2Q

MEES Editor Ian Seymour Reports on the OPEC Consultations in Vienna

Whether or not OPEC - at its forthcoming ministerial meeting in Geneva on 11March - can reach a credible agreement to cut back output sufficiently to strikea reasonable balance between supply and demand in the second quarter and preventa further, potentially devastating erosion of prices, has now become the numberone issue on the oil...