VOL. XXXVI

NO. 27

5 APRIL 1993

OPEC March Output Down 1.27 Mn B/D From February But Still 0.7Mn B/D OverQuota

The market and its analysts would appear to be in two minds about OPEC'sproduction performance in March - as to whether it should be congratulated forhaving reduced actual crude output by nearly 1.3mn b/d below the February levelor castigated for still remaining some 700,000 b/d above the quota ceiling of23.582mn b/d which it set for itself at the mid-February ministerial meeting.Much...