VOL. XLI

No. 14

6-April-1998

OPEC

Saudi Arabia's Naimi Lauds Credibility Of New OPEC/Non-OPECProduction Agreement And Notes Willingness To Cut More Volume If Need Be

The new OPEC/non-OPEC production agreement, which was ratified by the OPEC OilMinisters at an extraordinary conference in Vienna on 30 March, is underpinned by a highdegree of implementational credibility together with a back-up willingness of theparticipants to cut more volume if need be, according to Saudi Oil Minister Ali...