VOL. XLI
No. 23
8-June-1998
OPEC
New Round Of Producers' Output Cuts Should Help Tighten Oil MarketIn Second-Half 1998
Faced with persistent price weakness, the core group of three OPEC and non-OPEC oilproducers who spearheaded last March's Riyadh and Vienna output cutback agreements havenow set the scene for a second round of supply reductions. Meeting for secret talks inAmsterdam on 4 June, Oil Ministers of the three countries concerned - Saudi Arabia,Venezuela and Mexico - agreed to make,...
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