Independent journal on economy and transport policy
08:35 GMT+2
OPEC cuts announced, implementation remains
(The Bunker Bulletin)
March 24, 1999
A total of 1.716 million barrels per day will be taken away from current OPEC production levels, starting April 1, 1999.
If we are to believe the OPEC countries, this agreement will remove the global supply glut and restore oil prices to the $15-$20 price level by the third quarter of 1999.
The details of the production cuts were announced in Vienna on ...... Read more on The Bunker Bulletin
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