VOL. XLI

No. 20

18-May-1998

SAUDI ARABIA

Saudi Arabia's Naimi Says April Production Figures Are QuiteReasonable But Producers May Need To Cut More If Prices Remain Low

The general trend of OPEC production figures in April - the first month after theVienna agreement - is "all right" and the figures are "quitereasonable" with one or two exceptions, but OPEC may still consider furtherproduction cuts if oil prices remain low, according to Saudi Oil Minister Ali al-Naimi.Speaking in an exclusive...