VOL. XLII

No 47

22-November-1999

OPEC

Riyadh Meeting Affirms Production Cuts To Be MaintainedUntil End March 2000

The 17 November meeting in Riyadh between the Oil Ministersof Mexico, Saudi Arabia and Venezuela confirmed beyond any doubt the intentionof the oil producers to uphold "the agreed production cuts for theduration of the agreement until the end of March 2000." The threeministers, whose periodic meetings since early 1998 have paved the way for OPECand other producers to reverse last year...