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

To: PuddleGlum who wrote (23773)	6/10/1998 3:37:00 PM
From: XOsDaWAY2GO	Respond to of 95453

This hasn't done anything....... >>>Oil Producers Pledge 2nd Round of Output Cuts New York, June 10 (Bloomberg) -- The following is a list of the world's top oil producers and which of them have pledged to reduce oil output this year in order to boost prices. Seventeen oil producers pledged to limit production earlier this year, beginning with an announcement from Saudi Arabia, Venezuela and Mexico in Riyadh in March. Those same three countries announced a second round of cuts June 4 after a meeting in Amsterdam, and were joined later by Qatar and Iran. More countries may join them. The first round of cuts were scheduled to take effect on April 1, except where indicated. The second round of cuts, which are in addition to the first, will begin July 1. Countries are ranked by oil production, using Bloomberg estimates for all non-Organization of Petroleum Exporting Countries and Iraq, and OPEC estimates for the remaining 10 members of OPEC. Output is measured in thousands of barrels per day as of February 1998, the benchmark against which OPEC members' first cuts were to be measured. Cuts are listed in thousands of barrels a day. Russia's cut is in exports, not production. 1st Round 2nd Round OPEC Feb. '98 agreed agreed Country member production reduction reduction Saudi Arabia x 8,748 300 225 United States 6,514 -- Russia 5,932 61* Iran x 3,623 140 100 Venezuela x 3,370 200 125 Norway 3,300 100 China 3,268 150 Mexico 2,968 100 100 United Kingdom 2,548 -- U.A.E x 2,382 125 Nigeria x 2,258 125 Kuwait x 2,205 125 Canada 2,090 -- Iraq x 1,700 -- Libya x 1,453 80 Indonesia x 1,380 70 Egypt 881 20* Oman 868 30 Brazil 860 -- Algeria x 860 50 Argentina 824 -- Angola 718 -- Qatar x 700 30 20 India 648 -- - - - - Yemen 380 10 13:55:12 06/10/1998