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: Think4Yourself who wrote (52508)	10/6/1999 2:54:00 PM
From: ChanceIs	Read Replies (3) of 95453

OPEC Compliance 81% Reuters Vice 92% Bloomberg??? How can this be reconciled? For the second month in a row this dichotomy has been present: Reuters: The survey indicates that compliance by the 10 OPEC members participating in supply restrictions fell to 81 percent in September from 83 percent in August. infoseek.go.com Bloomberg: The 10 OPEC members participating in the production- reduction campaign achieved 92 percent of their goal in September, compared with a revised 94 percent in August, according to a Bloomberg survey of producers, oil companies and analysts. quote.bloomberg.com Opinions and comments please. This is almost as bad as the API predictions. Perhaps this is the root of the entire '97-'98 price collapse. No one really has a good handle on production, supplies, or demand. For my money as long as NYMEX stays above $20 I will be long in the drillers and E&Ps.

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