VOL. XLIII

No. 21

22 May 2000

OPEC

OPEC States Led By Saudi Arabia Say No Output Adjustment Needed In June

OPEC states led by Saudi Arabia have indicated that they do not expect any adjustment in production levels to be decided on when they meet in Vienna on 21 June. Saudi Oil Minister Ali al-Naimi said on 16 May that "one always looks at the issue seriously and objectively. However, at the present time we do not see any justification to think about raising production at the next June meeting."...