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To: ItsAllCyclical who wrote (57631)12/30/1999 3:42:00 PM
From: Meridian  Read Replies (2) | Respond to of 95453
 
Iran cites 90% compliance ...

Dow Jones Newswires
OPEC Likely To Extend Oil Cuts By 3 Or 6 Mos In March

LONDON -- The Organization of Petroleum Exporting Countries is likely to agree to extend oil cuts for three to six months in March when the current cuts agreement expires, an official at the Iranian oil ministry told Dow Jones Newswires Monday.

The official quoted the Iranian oil minister Bijan Namdar Zanganeh, who was speaking at an Iftar reception marking the end of a day of fasting.

"OPEC members will probably agree in their March meeting to extend the cuts for another three to six months."

OPEC, along with key non-OPEC producers, decided in March this year to shave 4.136 million barrels a day off their total production until March 2000.

Zanganeh also reiterated that OPEC compliance with supply curbs was at 90%.

The Iranian oil minister's comments follow recent statements made by former Algerian oil Minister Youcef Yousfi.

Yousfi, who took up the post of foreign affairs minister Friday



To: ItsAllCyclical who wrote (57631)12/30/1999 3:48:00 PM
From: JungleInvestor  Read Replies (1) | Respond to of 95453
 
JimL, Y2K problems in power control software used in power plants is a much more critical issue than embedded chips - but both are factors. I'm loaded with E&P and OSX stocks and mid-year calls. With Y2K disruptions, Boom 2000 will start on the first trading day of the new year; without significant disruptions, it may start a few weeks later - but it will come!!



To: ItsAllCyclical who wrote (57631)12/30/1999 3:56:00 PM
From: Razorbak  Read Replies (1) | Respond to of 95453
 
Y2K and Oil Prices

JimL: I addressed this issue a few days ago in a prior post. #reply-12379086

Razor