VOL. XXXVI

NO. 30

26-APRIL-1993

Parra Stresses Crucial Need For Improvement In OPEC Quota Discipline In 2Q

Dr. Alirio Parra, Venezuela's Energy Minister and current President of theOPEC Conference, has stressed the crucial importance for OPEC of an improvementin production quota observance in the second quarter. Dr. Parra foresees apotential strengthening of prices by at least $1/B in 2Q if OPEC can succeed inreducing actual production below 24mn b/d from April onwards.

The production ceiling...