NO. 39

28 JUNE 1993


OPEC President Hopeful On July Market Developments

Mr. Jean Ping, the Gabonese Minister of Mines and Energy and OPEC President,told OPECNA last week that he is "confident that the market situation andoil prices will improve" next month because "I have been advised thatthe July production and export programs confirmed by member countries are inline with their commitment to adhere to the Conference decisions." Mr.Ping's statement on future market developments came...