VOL. XLI

No. 04

26-January-1998

OPEC

Nothing Concrete Expected To Emerge From OPEC MMC Meeting

Despite the continued turbulence and dangerous price weakness on world oil markets -with WTI hitting $16/B and Brent sinking below $15/B - nothing much of a concrete natureis expected to emerge from the meeting of OPEC's Ministerial Monitoring Committee (MMC)which is now scheduled to convene in Vienna on 26 January. Any appeals that may be issuedby the four-member MMC - for voluntary cutbacks in...