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To: diana g who wrote (43472)	4/29/1999 8:09:00 AM
From: Crimson Ghost	Respond to of 95453

Seems to me that if crude can hold above $18, there is a good chance the OSX will spike above 80 this week.

To: diana g who wrote (43472)	4/29/1999 8:19:00 AM
From: diana g	Read Replies (1) \| Respond to of 95453

Re: Compliance to Cut Pledges Some producers said at the time of the announcing of the cuts that they would Not be cutting until May, as I remember. I am expecting that ultimately compliance will be well into the 90+% area. --d EDIT--- biz.yahoo.com Saudi sure of full compliance with oil output cuts DUBAI, April 29 (Reuters) - Saudi Arabia is certain that OPEC and producers outside the group will fully comply with output cut pledges made under a March agreement to rescue petroleum prices, a Gulf source said on Thursday. ''Saudi Arabia is sure that there will be 100 percent compliance in May, and for the rest of the year,'' the Gulf source told Reuters. The Gulf source said the kingdom was sure that the supply restraint deal would be fully implemented because there was goodwill among producers taking part in the agreement. ''What has to be taken into account is that there is a new spirit of cooperation among all of the countries (OPEC and non-OPEC), like Oman, Mexico and Norway. Anything that is done will be done collectively,'' added the source, who is familiar with Saudi thinking. He said Saudi Arabia did not expect any violations of the agreement, even if prices, which have shown recovery since the deal was signed, rose further to high levels.