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 (51016)	9/13/1999 10:54:00 AM
From: Tomas	Read Replies (1) of 95453

``OPEC will try and keep the cuts there until this time next year, for the whole winter and for when demand starts dying in the summer,' said Steve Turnidge, a broker at PVM Oil Futures Ltd. in London. Crude oil inventories will drop at a rate of some 3 million barrels a day as world demand in the fourth quarter rises by 2.8 percent to about 77 million barrels a day, the Paris-based International Energy Agency said Friday. Demand next year will rise by 2.5 percent, with a third of the gain coming from Asia, the IEA said. Bloomberg Energy, September 13

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