NO. 39

28 JUNE 1993


Market Can Absorb Higher Kuwaiti Output If OPEC Members Do Not Retaliate,Says CGES

According to the London-based Center for Global Energy Studies (CGES),OPEC's decision in Geneva to roll over the production ceiling of 23.582mn b/dmay lack credibility, but the market can absorb higher Kuwaiti output as long asother member states do not retaliate. The 18 June issue of the CGES Monthly OilReport states that "although Kuwait's insistence on being accorded special...