VOL. XXXIV

NO. 35

3-JUNE-1991

OPEC In Vienna: Outlook Is For 3Q Rollover Followed By 4Q Output Increase

On the eve of OPEC's upcoming ministerial conference in Vienna on 4 June,MEES soundings indicate that the most likely result will be a rollover of thecurrent production ceiling - ostensibly set at 22.3mn b/d but actually rathermore hazy than that - for the third quarter followed by an increase for thefourth quarter.

Some OPEC members see a progressively tightening oil market through thesecond...