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To: The Ox who wrote (18549)4/9/1998 1:25:00 AM
From: Lazlo Pierce  Respond to of 95453
 
Michael,<<I think the news that the Russians will reduce output/exports is very significant>> I agree that it is an important symbolic cut the Russinas made, but it is only 61,000 bpd. This helps, but we need other cuts. If the Saudis come back and cut another 1%, then we're talking.

<<The Russian government agreed with major Russian oil exporters to reduce oil exports by 61,000 barrels per day>>

Dave