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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: JungleInvestor who wrote (42574)4/19/1999 6:53:00 AM
From: diana g  Read Replies (4) of 95453
 
OPEC Compliance With Oil Output Cuts Fell to 64% Last Month, MEES Says

quote.bloomberg.com

London, April 19 (Bloomberg) -- OPEC members' compliance
with oil output cuts agreed on last year fell in March from the
previous month as some countries increased production, the
Middle East Economic Survey, an industry newsletter, said.
Qatar, Venezuela, Saudi Arabia, Indonesia, Nigeria, Libya,
Algeria and Kuwait boosted oil output in March, MEES said. The
Organization of Petroleum Exporting Countries' compliance with
the 2.6 million barrels a day in output cuts pledged last year
by all of its members excluding Iraq fell to 64 percent from 65
percent in February, MEES said.

OPEC on March 23 pledged a further 1.7 million barrels a
day in cuts that come into effect this month.
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