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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Aggie who wrote (64936)4/19/2000 8:50:00 AM
From: Think4Yourself  Read Replies (1) of 95453
 
OPEC pumped 1.382 mmbpd over old quotas in March. Since new quotas are 1.45 mmbpd higher than old quotas (+ Iraq's increase), the bulk of the new quotas are essentially in yesterday's API report.

Also interesting was that February production was revised down. Seems everyone everywhere is overestimating supply :o)

slb.com
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