VOL.XLI

No.12

23-March-1998

OPEC

Signs Of Movement On OPEC/Non-OPEC Front

After weeks of frustrating deadlock, significantsigns of movement have at last begun to emerge on the oil production cutbackfront both among OPEC and non-OPEC exporters. The key players in the currentround of consultations would appear to be Saudi Arabia and Venezuela on the OPECside and Mexico and Norway on the non-OPEC flank.

Facts were hard to come by on the ground over thepast week amid multiple rumors on 17-18 March to...