VOL. XLII

No. 13

29-MARCH-1999

OPEC

Mideast Producers Move To Implement Output Cuts In Wake OfNew Supply Accord

A growing number of Mideast producers have begun the processof reducing customer allocations for April following the supply cutback packageagreed to at the 23 March OPEC meeting in Vienna. Notifications of additionalvolume cuts were forthcoming from Kuwait, Abu Dhabi and Oman last week. Qataris expected to inform customers of new reductions for April within the nextseveral days. Other...