VOL. XLII

No 41

11-October-1999

OPEC

Market Speculation Fueled By OPEC News

Following the news that the Riyadh Trio (Mexico, SaudiArabia and Venezuela) will meet in the Saudi capital during the second half ofNovember, the oil market has been awash with speculation as to whether or notthe meeting will produce a decision to raise production. However, oil officialsfrom the producing countries have continued to reiterate publicly the nowfamiliar line that the prevailing production cuts will remain...