BIG PRODUCTION SURGE OVERHANGS OPEC'S BRIONI CONFERENCE

Though the ultimate outcome of OPEC's vital ministerial conference in Brioni, Yugoslavia, is still shrouded in the murkiest uncertainty, one fact is nevertheless beyond dispute, namely that the meeting coincides with a major upsurge in OPEC output which could have serious repercussions on the oil market.

According to MEES estimates (which largely concur with these emanating from other trade journal sources), OPEC's crude...