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: SliderOnTheBlack who wrote (43451)	4/28/1999 6:01:00 PM
From: RealMuLan	Read Replies (3) of 95453

Wednesday April 28, 2:00 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) OPEC cuts April output by 1.35 mln bpd-consultants LONDON, April 28 (Reuters) - OPEC cut oil production by 1.35 million barrels per day (bpd) in April after agreeing new limits that took effect at the start of the month, preliminary data from consultants shows. The Organisation of the Petroleum Exporting Countries sliced April output to 26.39 million bpd from a revised 27.74 million bpd in March, according to the consultants' estimates covering cartel supply until April 27. (Note: this article is ''in progress''; there will likely be an update soon.) biz.yahoo.com =================== Does this mean 1.35m /2.1m (agreed) = 64% or so compliance? Or do I understand wrong? That is about normal by OPEC compliance history, isn't it?

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