OTHERS TOO GEAR UP FOR OPEC SEPTEMBER OUTPUT CUTBACK

In addition to Saudi Arabia (see lead story above), other key OPEC countries have also been gearing up to cut back their September crude oil output to the quota levels stipulated in the OPEC interim accord. The seriousness of purpose which is patently being manifested to make the agreement work is beginning to convince even the most hardened sceptics in the market place. The fact is that deep, often painful, cuts in production are being...