Issue 40
Oil News
- Hints Of Possible OPEC Trade-Off: Higher Gulf Quotas In Return For Price Stability
- No Change in Saudi Crude Price Formula for August
- Abu Dhabi and Oman Lower Assessment Price for June by $1.35-1.50/B
- Egyptian Prices Remain Unchanged for First Half of July
- MEES Estimates June OPEC Production at 23.26mn b/d
- OPEC Basket Price Average Fell to $14.05/B in June
- Venezuela Remains Loyal Member of OPEC
- IEA Puts OPEC Crude Output at 23.2mn b/d in June
- Yemen Awards Two More Concessions at Shabwa
- Iran's Crude Production Falls below 3mn in June
- Kanematsu and Voest-Alpine Conclude Prepayment and Barter Deals with Iran
- No Change in Tunisian Oil Production Level in 1989
- Sharjah's Ruler Appoints His Son Deputy Ruler
- GCC-EC Meeting Postponed
- Netback Values
Financial & Banking News
- Kuwaiti Banks Expect Cash Injection from Government Soon
- New Supervisory Board for BAII as BNP Takes Control
- Iranian Central Bank Governor Seeks Independent Role for Bank
- Egypt's Official Gazette Gives Full Budget Figures