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Gold/Mining/Energy : maverick (MAVK) -- Ignore unavailable to you. Want to Upgrade?

To: Warren Buffet Jr. who wrote (161)	3/31/1998 12:20:00 AM
From: Steve Rolfe	Read Replies (1) \| Respond to of 432

OPEC agrees to cut output - Saudi oil minister VIENNA, March 31 (Reuters) - Saudi Arabian Oil Minister Ali al-Naimi told reporters early on Tuesday that the emergency OPEC meeting had agreed to cut output in line with the March 22 Riyadh agreement. Naimi said that the reduction ''is enough'' to support oil prices. Pledged output cuts from OPEC in line with the Riyadh accord amount to 1.245 million barrels per day (bpd) with a further total of 270,000 bpd announced by non-OPEC producers Mexico, Oman, Egypt, Norway and Yemen. OPEC's agreement came after seven hours of talks lasting into the early hours of Tuesday.