VOL. XXXII

NO. 7

21-NOVEMBER-1988

OPEC

OPEC Exports Differ Over 1989 Projections

Experts from OPEC member countries meeting in Vienna on 14-17 November underthe aegis of the Economic Commission Board (ECB) reached split decision onforecasts of the supply/demand balance for 1989.

The majority group projected a call on OPEC crude for 1989 of 19.5mn b/dbefore stockdraw and 19.25mn b/d after stockdraw of 0.25mn b/d. The minoritygroup forecast the 1989 call on OPEC crude production at around 1mn b/d...