No. 12



OPECs New Volume Cuts Look Like A Done Deal In Advance OfVienna Conference

It now appears to be a virtual certainty that an OPEC accordon a further 7% reduction in crude oil production will be finalized in quicktime when the Organizations Oil Ministers meet in Vienna on 23 March. MEES understandsfrom well-placed OPEC sources that all of the 10 OPEC member countriesconcerned (that is to say excluding Iraq whose special circumstances vis-à-visthe UN precludes its...