VOL. XXXVII

NO. 20

14-FEBRUARY-1994

Prospects Remain Cloudy For Qatar/Nigeria Proposal For OPEC ProductionCutback

The proposal launched by the Oil Ministers of Nigeria and Qatar last weekthat OPEC should cut production by between 5 and 10% - equivalent to a reductionin the range of 1.23 to 2.45mn b/d from the current ceiling of 24.52mn b/d -when it meets in Geneva on 25 March does not, yet at any rate, seem to havereceived committed backing from any of the other members states. Nor, accordingto...