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To: BigBull who wrote (43471)	4/29/1999 7:53:00 AM
From: diana g	Read Replies (2) \| Respond to of 95453

Compliance: 81% (Reuters) (Bold from me --d) biz.yahoo.com FOCUS-OPEC cuts April output by 1.35 mln bpd-consultants (Adds compliance rate in 4th para, background paras 7-11) LONDON, April 28 (Reuters) - OPEC cut oil production by 1.35 million barrels per day (bpd) in April after agreeing new limits that took effect at the start of the month, preliminary data from consultants shows. The Organisation of the Petroleum Exporting Countries sliced April output to 26.39 million bpd from a revised 27.74 million bpd in March, according to the consultants' estimates covering cartel supply until April 27. The 10 members of the cartel involved in a supply reduction agreement hammered out in Vienna last month chopped output by a larger 1.46 million bpd, the estimates suggest. That reduction translates into an aggressive 81 percent rate of compliance with the total pledged output cuts made by the 10 in a series of price rescue attempts made since early last year. But the April reduction was offset by an 110,000 bpd rise to 2.61 million bpd in April output from Iraq, which was not involved in the accord. The March agreement was carried out in concert with some other non-OPEC producers who agreed to lop 388,000 bpd off their own production or exports to reduce a huge glut of surplus oil. Prices have risen by about $2.70 a barrel since the accord was ratified in Vienna and by about $6.00 a barrel since the start of the year. The 1.46 million bpd estimated reduction by the 10 OPEC members accounts for a hefty proportion of the 1.716 million bpd in cuts agreed by the OPEC 10 in March to try to rescue sagging price. As measured against a February 1998 benchmark of OPEC output at 27.289 million bpd, when OPEC began to reduce supply to raise prices, the 1.46 million bpd of cuts shows a rate of compliance of around 81.3 percent. The February 1998 baseline has been used as the basis for a series of cuts promised by OPEC 10 over the past year to try to boost prices. The estimated OPEC 10 reductions in April bring the total cuts carried out since early last year to an estimated 3.509 million bpd against total planned cuts of 4.316 million bpd.

To: BigBull who wrote (43471)	4/29/1999 8:35:00 AM
From: BigBull	Read Replies (2) \| Respond to of 95453

FLC news from the "Front Lines" press.co.nz

To: BigBull who wrote (43471)	4/29/1999 8:49:00 AM
From: BigBull	Read Replies (2) \| Respond to of 95453

Back in December I posted a prediction that within 3 to 6 months Korea would BOOM! Looks like I'm right on schedule. koreatimes.co.kr No wonder that guy from a cafe in Malaysia no longer posts here. Just goes to show - you don't need a Phd. to know which way the wind is blowin'. Prediction #2 in another 3 to 6 months the rest of Asia (x Japan) will look like this. Yes Virginia, even Indonesia, if there still is an Indonesia. Catalysts? - the Asia Tiger is burning bright once again. Wall Street knows it. If the oil bears are still short they will know it. Bulls and Tigers and Bears - Oh my!