VOL. XXXI

NO. 30

2-MAY-1988

SIX NON-OPEC PRODUCERS OFFER 5% EXPORT CUTBACK CONDITIONAL UPONCOMMENSURATE OPEC RESPONSE

MEES Editor Ian Seymour Reports from Vienna, 29 April

Six non-OPEC oil exporting countries - Mexico, Egypt, China, Oman, Angola andMalaysia - have now tabled a formal offer to cut exports by 5% provided that theOPEC producers commit themselves to a "similar proportional response,"that is to say a 5% reduction in exports. The proposed cutback would, in thefirst instance, be for the...