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

To: jbe who wrote (22729)	5/22/1998 5:40:00 PM
From: iandiareii	Respond to of 95453

TALKING POINT - Oil price casts shadow over majors Friday May 22, 5:00 pm Eastern Time NEW YORK, May 22 (Reuters) - Prolonged weakness in world crude prices may force major oil companies to trim their capital spending plans for 1998 and may imperil ambitious plans to increase production, analysts say. So far, only Amoco Corp. (AN - news) has cut spending. It announced last month that it would trim by $340 million, or eight percent, its planned 1998 capital spending of $4.2 billion. The rest of the majors said they remain confident. More: biz.yahoo.com