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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: pz who wrote (20952)4/30/1998 11:47:00 PM
From: Elmer  Read Replies (1) of 95453
 
Tonight I read an article on Bloomberg that Bloomberg estimates that for the month of April, OPEC cut oil output by 1.167 million barrels a day or 93.7% of the 1.245 million barrels per day that the cartel agreed to cut. Their information comes from a survey of producers, oil companies, and industry analysts.

I know Bloomberg puts out monthly estimates of OPEC production, but I don't know how accurate their survey has been historically.

I hope they're right. This would be much higher actual cuts than almost everybody expected.
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