CONTINUED SLIDE SEEN FOR C.I.S. OIL PRODUCTION

Oil production in the Commonwealth of Independent States may dip to 7.7 million b/d next year. Robert Ebel of the Center for Strategic and International Studies, Washington, D.C., made that prediction before a meeting of the National Association of Petroleum Investment Analysts. Oil & Gas Journal's latest worldwide oil production figures peg the C.I.S. volume at 8.689 million b/d last August (see p. 50). Ebel said a September decree will allow oil prices to move in line with the market and

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