VOL. XLI
No. 50
14-December-1998
GCC
GCC Summit Extends Oil Cuts To End-1999; Saudi Crown Prince Says OilBoom Is Over
The Heads of State of the six Gulf Cooperation Council (GCC) countriesagreed during their 19th summit meeting held in Abu Dhabi on 7-9 December toextend their oil production cuts for another six months, until the end of 1999, accordingto their official communique. Pledged oil output cuts from the GCC countries (OPEC membersKuwait, Qatar, Saudi Arabia and the UAE, as well as...
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