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

To: marc chatman who wrote (52249)	10/1/1999 9:45:00 AM
From: Tomas	Respond to of 95453

Kuwait Wants $28 for a Barrel of Oil Until March, Paper Says London, Oct. 1 (Bloomberg) --Kuwait wants oil prices to be between $25 and $28 a barrel until March of next year, or an average of $20 a barrel for Brent crude oil for the year ending in March 2000, the Saudi-owned Al Hayat newspaper reported, citing Kuwaiti Oil Minister Sheikh Saud Nasser Al Sabah. There is no room for an emergency meeting of the Organization of Petroleum Exporting Countries before March even if prices surpassed that level, as oil producers need to make up for their losses over the past two years, he said. Kuwait supports extending the current production cuts beyond March next year until world oil inventories return to their levels of 1997, Sheikh Saud said.