NO. 21

21 FEBRUARY 1994

GCC Oil Ministers Meeting In Early March Could Provide Clues To FutureOPEC Action

After another dismal week on the oil price front, precious little comfort isas yet forthcoming from the major OPEC players regarding any prospectiveproduction cutback for the second quarter. Certainly nothing concrete emergedfrom last week's meeting in Riyadh between Saudi Oil Minister Hisham Nazer andhis visiting Nigerian counterpart Don Etiebet, beyond a general discussion ofthe...