VOL. XXXII

NO. 38

26-JUNE-1989

KUWAIT REMAINS COMMITTED TO 3Q PRODUCTION RESTRAINT

Contrary to reports in the trade press and elsewhere, Kuwait has everyintention of adhering to its self-imposed production ceiling of 1.35mn b/dbetween 1 July - when the latest OPEC agreement comes into effect - and themeeting of the OPEC Monitoring Committee scheduled for late September, MEES isinformed. It will be recalled that at the OPEC conference at the beginning ofthis month Kuwait refused to accept the...