NO. 24


Saudi-Sponsored Plan For 5% Cut In OPEC Production For 2Q Wins Out InGeneva

MEES Editor Ian Seymour Reports on the Outcome of OPEC's MMC Meeting inGeneva, 11-12 March

Although the 5% cutback in OPEC crude oil output to 22.3mn b/d agreed upon atthe Organization's ministerial meeting in Geneva for the second quarter of 1991may have been nowhere near as deep as some analysts had hoped for, the very factthat OPEC did reach a deal on reducing 2Q supply could be...