VOL. XXX

NO. 22

9-MARCH-1987

Buyer's Resistance Stiffens to Official Price Liftings

With OPEC output on the downward slide - current estimates put total OPECoutput at around 15.0-15.5mn b/d in the first week of March and it could easilyslip a good deal lower if the buyers's paralysis in the face of official pricespersists - market pressure has been focusing on the expected weak points duringthe past week.

High on the list is Iran, whose marketing teams in Tokyo and London last weekfailed to line...