VOL. XLII

No. 03

18-January-1999

OPEC

Little Likelihood Of OPEC Meeting Before 23 March

According to MEES soundings, it now looks very doubtful whether the OPEC oil producers will be able to muster a sufficiently solid consensus on a new round of output cuts to justify the holding of an extraordinary ministerial meeting in advance of the Organizations next regular conference which is scheduled to convene in Vienna on 23 March.

Moves to gather the necessary backing for an early extraordinary OPEC...