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To: Think4Yourself who wrote (39770)	3/12/1999 11:44:00 AM
From: John Carpenter	Respond to of 95453

Yes, so even if it's 1.7M that's not that bad- provided they keep it. If they actually keep 1.5M of it, then market expectations weren't too far off the mark.

To: Think4Yourself who wrote (39770)	3/12/1999 11:45:00 AM
From: diana g	Respond to of 95453

Yes, the Baseline issue is about the 300k, I think --- biz.yahoo.com Oil-agreement the Hague Naimi was speaking on the second day of talks that also included the oil ministers of OPEC members Venezuela, Algeria, Iran and the deputy minister of non-OPEC Mexico. Delegates to Gulf Arab oil minister talks earlier this week had said that meeting had agreed to propose cuts of around two million barrels per day to fellow producers from within and without the Organisation of the Petroleum Exporting Countries. It was not clear from Naimi's statement whether the proposed cuts would include a 305,000 barrels per day reduction that formed part of the resolution of a disagreement with Iran over its baseline output figure for cuts.