NO. 15


Prospects For Early Action On Production Cutback Front Look Remote

Despite continued activity by Omani Oil Minister Sa'id al- Shanfari to drumup support for oil output cuts among non- OPEC exporters (see story on pagesA8-9), prospects for any kind of significant ministerial meeting of oilproducing countries - whether it be under the umbrella of the Gulf CooperationCouncil (GCC), OPEC/non-OPEC, or OPEC alone - before the advent of the Muslimholy fasting month of...