VOL. XXXI

NO. 34

30-MAY-1988

OPEC

Venezuela Calls for Output Cutback in June

Venezuela warned that without an agreement to cut oil output, OPEC will bepowerless to raise oil prices as the Organization prepares for its forthcomingmid-year conference on 8 June in Vienna. "It makes no sense to believe weor other OPEC nations will average $18/B this year....when we see clearly thefundamental causes blocking possible accords in OPEC," Energy MinisterArturo Hernandez Grisanti said, according to El...