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

To: diana g who wrote (44539)	5/11/1999 9:19:00 PM
From: upanddown	Respond to of 95453

Looks like it could help set us up for a Buying Opportunity!!! Hi Diana: Thats right....except I wanted it to be preceded by a selling opportunity ! Luck, John

To: diana g who wrote (44539)	5/11/1999 11:09:00 PM
From: Mike from La.	Read Replies (1) \| Respond to of 95453

No big deal, oil is at a very good price, even if it pops around a little, can't sweat every blip, look down the road to this winter and beyond. Mike

To: diana g who wrote (44539)	5/19/1999 7:13:00 AM
From: diana g	Read Replies (3) \| Respond to of 95453

Saudis say $18-20 Brent coming soon, fur shur biz.yahoo.com (Bold from me --d) Wednesday May 19, 2:19 am Eastern Time Oil-saudi Jeddah ''As we have said before we want the oil price between $18 and $20 a barrel and we are determined to do whatever is possible to achieve that,'' the Saudi oil official said. He said the kingdom was convinced the price of Brent would hit the $18-20 target by the end of May or early in June. On Tuesday, the North Sea benchmark Brent fell nearly 70 cents in London to close around $15.10, nearly $2 below the peak reached two weeks ago when the market was still bullish after OPEC and other producers agreed to slash 2.1 million barrels per day (bpd) from global supply. ''Saudi Arabia is almost certain that the price will reach the target of between $18 to $20 by the end of this month or the beginning of next month,'' the official said. He said Saudi Arabia ''looks beyond reports on the market.'' ''We have a close feel for the market. We deal closely with the customers and we are almost certain that we will reach that level ($18-$20).'' The Saudi official downplayed suggestions by some oil ministers that the output cuts should be reviewed if the price gets too high. ''If the price is sustained above $18 for three to five months and the supply and demand forecast indicates that more oil is needed then the ceiling might be raised after consultations with all producers,'' the Saudi source said. He dismissed analysts' suggestions that some members of OPEC, not known for its collective discipline, would be tempted by the higher prices and quietly increase their output. ''We are not worried about this at all. There is a new spirit at OPEC (so) this is not a concern.''