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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Wowzer who wrote (51018)	9/13/1999 10:50:00 AM
From: Tomas	Respond to of 95453

``There are two necessary conditions for oil output to be raised,' said Hossein Kazempour Ardebili, Iran's OPEC governor. ``Oil stocks need to drop to levels comparable to the end of 1996, and the price of crude must reach a year-to-date average of $21 a barrel.' Brent crude oil in London so far this year has averaged $15.51 a barrel. The OPEC benchmark barrel consists of an imaginary blend of 7 different types of oil from the Middle East, Asia, Africa and South America, and normally sells for anywhere from 30 cents to 50 cents a barrel less than Brent. Bloomberg, September 13