VOL. XLI

No. 18

4-May-1998

OPEC

Top Oil Officials Express Concern About Continued PriceWeakness

OPEC officials have expressed their concern regarding the persistence of low oil pricesdespite the Riyadh and Vienna agreements to remove over 1.6mn b/d of oil supply from themarkets. Top oil officials from the Riyadh Group (Saudi Arabia, Venezuela and Mexico) werebelieved to have scheduled a meeting in North America late last week while at the sametime several OPEC oil ministers have talked about the...