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: Roebear who wrote (51394)	9/19/1999 9:55:00 AM
From: oilbabe	Read Replies (1) of 95453

Gulf states in oil pledge RIYADH: Oil ministers from the six Gulf GCC states yesterday pledged to maintain their agreed oil output cuts until March 2000, just four days ahead of Opec's ministerial meeting. The Gulf Arab states also said they would back the Saudi candidate for the post of Opec secretary general, while Saudi Oil Minister Ali al-Nuaimi said he believed the kingdom's candidate had the greatest chance of winning. In a statement issued after their meeting, the ministers said they had "agreed that the stability of prices needs a continuation of the accord on the reduction of production until the end of March 2000. "The ministers confirmed their respective countries' readiness to respect the production levels agreed until March 2000, and expect other producing nations to do the same," the statement added.- AFP

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