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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Elmo Gregory who wrote (49728)8/23/1999 12:18:00 PM
From: The Ox  Read Replies (1) of 95453
 
From the link in the previous post:
``It's too early to be talking about adjusting output.
Although today's price is a reasonable one, the average price is
still below $15 a barrel year-to-date, which is still below our
target.
``The Sept. 22 meeting will focus on compliance to existing
agreements, unity amongst members, and a reconfirmation of
commitments to cuts.
``When oil stockpiles are lowered, and demand grows, and we
have experienced a sustained period of reasonable prices, then we
could consider proposals to alter quotas,' he said.

With emphasis!
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