Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: P.Prazeres who wrote (42018)	4/10/1999 7:35:00 PM
From: JungleInvestor	Read Replies (2) \| Respond to of 95453

Has anyone else had problems with SI response times today and yesterday? It's been extremely slow for me - even Yahoo is like a rocket compared to SI. I'm so disappointed in my broker (Jack White). They were great until Waterhouse bought them - I couldn't trade most of Friday. Their internet web site was locked up. I also couldn't reach a broker by phone. This is the last straw - for they have had continual problems since Waterhouse. A while back someone mentioned on this board that Fidelity is very good (especially their Spartan account). Any other recommendations for a broker with good internet service (minimal problems, good response time) which is key for me since I live in Costa Rica and good customer service?

To: P.Prazeres who wrote (42018)	4/11/1999 1:12:00 PM
From: LTK007	Respond to of 95453

here is another Bloomberg article Sun, 11 Apr 1999, 1:04pm EDT World Oil Producers Aim for $21 a Barrel With Output Reduction, Egypt Says Cairo, April 11 (Bloomberg) -- World oil producers cut global supply last month by 2.7 percent in order to remove an oil glut and boost prices to a target level of $21 for a barrel of Brent crude, Egypt's oil minister said. Hamdi el-Banbi said, ''Oil producers are in continued contact to forge a strategy to further raise oil prices,'' Qatar's official news agency reported. He did not say if Egypt, which last year cut its output by 30,000 barrels per day to 820,000 barrels a day as part of a failed effort by oil producers to boost prices, would be willing to join in the latest round of output cuts. Egypt is not a member of OPEC. Oil exporters have lost billions of dollars from low prices during the last 16 months, forcing the members of the Organization of Petroleum Exporting Countries' to end their disputes and agree to cut output in March for the third time in 12-months. Last year OPEC and other exporters promised to cut 3.2 million barrels of daily output, though failed to comply with their quotas and boost prices. In London on Friday, May Brent crude rose 4.6 percent to $14.86 a barrel on the International Petroleum Exchange after the International Energy Agency said world production fell short of demand for the first time in more than two years. By the end of the year, a supply surplus that sent prices to 12-year lows in December could be gone as the world is pumping 450,000 barrels a day less than it needs, the agency said. Analysts said they are optimistic that the new round of cuts would remove the global oil glut. ''The reduced quantity will be adequate to balance the supply with the demand and to absorb the market surplus,'' said Jassem al-Saddoun, an oil analyst with the Kuwait-based AL-Shall economic research center. ''However, the markets will await the extent of compliance, with production data for April expected to have an important impact on oil prices,'' he said. If producers only achieve 85 percent of their cuts in the second half of 1999, inventories should fall 350 million barrels, the IEA said, adding that many analysts say the global oil surplus is between 300 million and 400 million barrels. OPEC only met 78 percent of its promised oil output cuts in March.