VOL. XXXI
NO. 33
23-MAY-1988
OPEC/NON-OPEC
Venezuelan Oil Minister Criticizes Negative Outcome of ViennaMeeting
Venezuela's Minister of Energy and Mines, Dr. Arturo Hernandez Grisanti,believes that if OPEC had accepted the non-OPEC producers' proposal for a joint5% cut in production "it would have had a tremendous positivepsychological impact on the market, apart from meaning that production in thesecond quarter would be cut by some 500,000 b/d which would have a tangiblephysical effect."...
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