VOL. XXXIV

NO. 44

5-AUGUST-1991

OPEC

OPEC Should Cut Output if Kuwait and Iraq Resume Production, Says Ginanjar

Mr. Ginanjar Kartasasmita, the Indonesian Minister of Mines and Energy, saidlast week that OPEC should be prepared to lower output if supply in the fourthquarter exceeds demand because of the resumption of Kuwaiti and Iraqi oilproduction. He added that "we want the $21/B target to be achieved bywinter," referring to the minimum reference price agreed upon during theJuly 1990 OPEC...