VOL. XXX

NO. 16

26-JANUARY-1987

OPEC/NON-OPEC AND OIL PRICES

Mexico Pledges Further 30,000 b/d Export Cutback, But Will Retain MarketRelated Pricing

Following talks in Mexico City between the Mexican and VenezuelanEnergy Ministers, Mexico announced on 19 January that it would make a furthermodest cut in exports by 30,000 b/d from 1.35mn b/d to 1.32mn b/d which wouldtake immediate effect and remain in force so long as OPEC maintained its priceand output agreement reached in Geneva last month. Last...