VOL. XXXIII
NO. 32
14-MAY-1990
Market Strengthens On News Of OPEC Cutbacks
The crude oil market has strengthened significantly, by more than $1/B overthe past week, in the wake of a barrage of news about actual and impendingoutput cutbacks by OPEC producers - even though the precise extent of thesereductions cannot yet be accurately assessed.
What follows is an effort to evaluate the cutback measures which are beingtaken by the main OPEC players:
- For its part, Saudi Arabia has taken prompt and...
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