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

To: Snowshoe who wrote (26901)	8/3/1998 3:48:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 95453

You didn't go to the link that Harlan gave. It's dated Aug 1. OPEC may be ready for more cuts REUTERS KUWAIT, August 1 Kuwait said on Saturday fellow OPEC states were prepared to take a third round of oil output cuts; possibly no less than one million barrels per day, if world prices failed to recover. ------- The article goes on to say that a third round would be considered in November if oil isn't back up to $17/bbl by then. So for now, nothing is going to happen. OPEC is willing to wait and see the effect of the current commitments. So this isn't a market-moving article.