Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: oilbabe who wrote (54747)	11/15/1999 6:11:00 AM
From: oilbabe	Read Replies (3) \| Respond to of 95453

OPEC's Lukman Seeks to End Speculation on Output Cuts, AFP Says Vienna, Nov. 14 (Bloomberg) -- Rilwanu Lukman, secretary general of the Organization of Petroleum Exporting Countries, said a decision on the future of the group's oil production cuts will be made at the next OPEC meeting in Caracas in March 2000, Agence France Presse reported, citing an unidentified OPEC official. Lukman's comments came during the first day of a two- day meeting of representatives of OPEC ministers in Vienna discussing the agenda of the Caracas meeting. ``Mr. Lukman said not to speculate on the extension of the oil reduction after March 31, 2000,' but to wait until the next OPEC ministerial meeting in March, the OPEC official told AFP. Oil prices have more than doubled this year from $9.55 a barrel in December, as 10 of the 11 members of the Organization of Petroleum Exporting Countries and four other nations agreed in March to cut supplies by 5 million barrels a day, or 7 percent of world supply, for one year, starting April 1. (Agence France Presse 11/14. Type AFP )