VOL. XLI

No. 31

3-August-1998

KUWAIT

More Production Cuts Necessary Unless Brent Is $17/B In Early November,Says Kuwaits Sabah

The Kuwait Oil Minister Shaikh Saud Nasir al-Sabah told reporterson 29 July that oil producing countries would have to reduce output once more if the priceof North Sea Brent crude remains below $17/B in early November, before the 25 NovemberOPEC Ministerial Conference. "Unless Brent is $17/B in early November, we will haveto start movingwe will have to cut production,"...