OPEC confirms output agreement rollover

10/04/1999
The Organization of Petroleum Exporting Countries officially closed its ministerial meeting in Vienna on Sept. 24 and, as expected, confirmed it would adhere to current production targets.The OPEC members-with the exception of Iraq, which has its production governed by the oil-for-aid agreement with the United Nations-maintained their combined production target at 22.976 million b/d (OGJ, Sept. 27, 1999, Newsletter).This level was agreed in March following an agreement with non-OPEC producers Mexico, Russia, Norway, and Oman to cut output in a bid to boost oil prices, which had only just recovered from rock bottom (OGJ, Mar. 29, 1999, p. 18).Crude oil markets reacted positively to OPEC...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected