Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Tomas who wrote (50096)	8/31/1999 8:12:00 AM
From: diana g	Read Replies (1) of 95453

This would seem to be a striking change in producer policy. This talk of wanting an Average price for the year of $21 is Not what OPEC has been saying. My guess is we'll see clarification from OPEC shortly. (One way or another) <<<``We should not make any changes to output policy until after the winter when inventory levels will have been drawn down to acceptable levels, and we reach our target price of a $21 average for an OPEC barrel for the year. Prices are still only about $15 a barrel year-to-date,' Ardebeli said. ...>>> regards, diana

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