VOL. XLII

No. 26

28-June-1999

OPEC

Gulf Producers Maintain Continuity of Export Cuts for July

All in all, cuts below base contract volumes notified toterm crude oil customers by the main Gulf suppliers for the month of July, inline with their commitments under the latest OPEC agreements, appear to bepretty much consistent with reductions in previous months. For its part, SaudiArabia is understood to have ordered the regional distribution of its July cutsroughly as follows: Europe, some 35% for...