VOL. XLI

No. 15

13-April-1998

OPEC

Production/Export Cutback Clarifications

In addition to Saudi Arabia, Abu Dhabi and Kuwait, various other OPEC and non-OPEC oilexporting countries have clarified their positions with regard to oil production/exportcutbacks in the coming months. These include:

  • The Russian Government has agreed with major Russian oil exporters to reduce crude oil exports by 61,000 b/d and exports of refined products by 4,900 tons/day (around 35,000-40,000 b/d), the press...