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

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To: waverider who wrote (20405)4/26/1998 9:59:00 AM
From: Bazmataz  Read Replies (2) of 95453
 
ALL: Anyone hear this news about Kuwait???--->

I heard on CNN Headline news that Kuwait is calling for OPEC to make much more severe cuts in production. They said that Kuwait is saying that they face "economic disaster" if oil prices stay at these levels. They said that the cuts made awhile ago were just "phase one" cuts and should proceed with more cuts. They also said that OPEC is meeting again in June and that Kuwait will fight strongly for "much more stringent quotas".

Anyone else hear or see this anywhere on the web??

Baz
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