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To: The Perfect Hedge who wrote (12604)2/23/1998 3:33:00 PM
From: marc chatman  Respond to of 95453
 
Joe Kernan just mentioned a statement by King Faad to the effect that production cuts are the responsibility of all the oil producers and Saudi Arabia won't unilaterally cut in order to bring supply into line with demand. Joe also mentioned something about Saudi now going for market share, but that may have been him editorializing.