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To: Roger Schelling who wrote (175)	6/5/2001 8:58:37 PM
From: Roger Schelling	Respond to of 26752

Of course the news has to put the worst political spin on this as possible. :) Jun. 5-MAR-- By Robert Gibbons New York, June 5 (BridgeNews) - NYMEX Jly crude futures ended higher Tuesday, as OPEC ministers meeting in Vienna decided to keep crude production unchanged. Gasoline futures had a brief midday rally on news of an unplanned outage at a BP catcracker in Louisiana, but profit-taking and a weakening spot market causing the up-tick to fizzle. With OPEC producing no output change, the market awaits American Petroleum Institute inventory data Tuesday afternoon. TOP NEWS NOW: OPEC oil output targets to remain unchanged DJ Kuwait Oil Min: New Form For Arabian Oil Contract - Kyodo 06/05/2001 Dow Jones News Services (Copyright © 2001 Dow Jones & Company, Inc.) TOKYO (Dow Jones)--Kuwaiti Oil Minister Adel al-Subaih said Tuesday a new drilling contract for Arabian Oil Co. (J.ARA or 1603) would give the Japanese firm operational rights, but not rights of possession in extracting oil from Kuwaiti fields, Kyodo News reported. The Kuwaiti minister, speaking to reporters in Vienna on the sidelines of a meeting of the Organization of Petroleum Exporting Countries, said a new contract would be completely different in form from the current one, which is due to expire in January 2003, Kyodo reported. ho humm........many more........ Anyway, the oil/natural gas issue is "In the news" and here to stay for a while, no matter how they try to twist the facts. FWIW Roger