VOL. XLI

No. 44

2-November-1998

OPEC

No Prospect Of Production Decisions At Cape Town

Whatever expectations may have previously been raised, it is now clearbeyond reasonable doubt that no moves on further cuts in production to shore up thestill-soggy oil market will emerge from the informal consultations among Oil Ministers ofa sizeable number of producing countries attending the International Energy Conference inCape Town on 29-31 October, and that any decisions in this connection will be left...