VOL. XLI

No. 38

21-September-1998

OPEC

Gulf Producers Will Monitor The Market Closely And Keep OptionsOpen For More Production Cuts

To wait and see; to keep a keen watch on market developments; to maintain closeconsultation and coordination among OPEC and other oil exporters; to focus strongly onmaximum compliance with existing output cutback agreements; but, if even reasonably fullcompliance fails to do the job, to leave the door open for a further round of volume cutsin order to lift prices to...