VOL. XLI

No. 26

29-June-1998

OPEC

Plus Points In New OPEC Production Cutback Accord Should OutweighInitial Market Scepticism

MEES Editor Ian Seymour Reports on the OPEC Ministerial Conference Held in Vienna on24 June.

In this writer's long experience, it has been rare for an OPEC ministerial conferenceto have achieved such remarkably positive results in such a short time as at the 24 Junemeeting in Vienna, particularly on the vexed issue of cutting back production. It isperhaps equally remarkable...