VOL. XLI
No. 20
18-May-1998
OPEC
OPEC/Non-OPEC Statements On Further Production Cuts
In addition to Saudi Arabia (see lead item), other Gulf Cooperation Council (GCC)member states have expressed concern about the current weak oil price levels and noted theneed for further production cuts if prices remain low. However, Venezuela sounded acautionary note, preferring to examine the production figures for May before consideringfurther action. Mexico has categorically rejected any additional output...
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