CONTRARY TO EARLIER REPORTS, C.I.S. OIL EXPORTS CONTINUE TO SLIDE

Last summer's widely publicized reports of increasing oil exports by the Commonwealth of Independent States were misinterpreted as signaling a turnaround in slumping worldwide petroleum sales by the former U.S.S.R. In truth, the brief rise in C.I.S. oil exports was an aberration stemming almost entirely from several abnormally large tanker shipments to a few destinations in countries belonging to the Organisation for Economic Cooperation and Development. Total C.I.S. oil exports are

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