Issue 33
Oil News
- SAUDI ARABIA REVIVES PROPOSAL FOR $15/B MINIMUM PRICE AND ELIMINATION OF $18/B TARGET
- SYRIA PLANS OIL OUTPUT OF 400,000 B/D BY END-1989
- Non-OPEC Group Claims 2Q Export Cutback Was More Than 300,000 b/d
- Norway Plans for 34% Increase in Oil Production for 1989
- US Crude Oil Production Continues Declining Trend During 1Q 89
- UK Labor Party Advocates British Oil Output Cut to Support Prices
- Egypt Resumes Membership in OAPEC
- ASRY Plans to Build New Dry Dock
- Crude Oil Exports from Gulf to Resume on 1 June
- Star Enterprise to Study Upgrading of Port Arthur Refinery
- NITC Plans to Expand Tanker Fleet
- Europeans Show Interest in Gas Pipeline
- Prices Reduced by 75 Cents/B for Second Half of May
Financial & Banking News
- North Yemen's Petro-Spending Triggers Payments Crisis
- Jordanian Austerity Wins IMF Praise
- Egypt Modifies Interest Rate Structure
- Morocco and Algeria Sign Clearing Agreement
- Egypt and Kuwait Sign Investment Accord
- Capital Increase for UAE-Egyptian Company