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

To: mph who wrote (18303)	4/7/1998 10:18:00 AM
From: RealMuLan	Read Replies (1) \| Respond to of 95453

Anybody makes anything out of it? Saudi Arabia: Oil May Be Cut Again April 6, 1998 Filed at 4:57 p.m. EDT By The Associated Press DUBAI, United Arab Emirates (AP) -- Saudi Arabia's oil minister was quoted Monday as saying world oil producers are ready to cut back more if the previously adopted reduction of 1.5 million barrels a day doesn't stabilize prices. ''I can't say with any degree of precision what would be sufficient,'' Oil Minister Ali Naimi told the weekly Middle East Economic Survey. ''But what I do know is that there is a positive trend of commitment among the producing countries, and there is a willingness to cut more volume if need be,'' he said. The Organization of Petroleum Exporting Countries agreed at a meeting last week to cut production 1.5 million barrels an day to prop up sagging prices. Saudi Arabia is the world's biggest oil producer. In addition to Saudi Arabia, OPEC members include Algeria, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, the United Arab Emirates and Venezuela.

To: mph who wrote (18303)	4/7/1998 10:19:00 AM
From: Czechsinthemail	Read Replies (4) \| Respond to of 95453

From Yahoo, apparently someone talked to ESV's IR about the Coastal story and low oil prices: >>The IR representative said that the rigs for Coastal were going to be renewed, in fact one was already renewed and the other was about to be. He said that the lower prices are actually good for the industry long term because it allows some of the underindustrialized nations to become more industrialized, i.e. create larger oil demand. This also forces countries to apply discipline in production which is also good long term.>> Baird

To: mph who wrote (18303)	4/7/1998 10:27:00 AM
From: davep	Respond to of 95453

OTthe beginning of the end?otc/spx diverged from nyse yesterday.Techs like intc broke down.More bad earnings news for mot maybe these crappy earnings will hit now.CCI merger looks good before their crappy earnings release.osx should be alright everything else amzn,yhoo should get hurt good.yhoo earnings after tom. close.