NO. 11


No Prospect Of Early OPEC Meeting Or Production Cut To Boost SaggingPrices

Any hopes which may have been entertained by a distressed oil market thatOPEC might soon get its act together for a production cut have now been well andtruly dashed. The message from Damascus last week - where several key Arab OilMinisters, including those of Saudi Arabia, Kuwait and the UAE, were gathered toattend a routine conference of the Organization of Arab Petroleum Exporting...