P521ORACLE 521 Mon 3 Feb C4 1713:53
NO CHANCE OF OIL
DEAL, SAYS YAMANI
Saudi oil minister Sheikh Yamani says
he sees no chance of a quota agreement
between OPEC and oil producers outside
the 13-nation cartel.
In a statement to the Arabic-language
newspaper Okaz he said: "I don't
believe OPEC by itself can cut output
low enough to maintain prices."
Contacts with non-OPEC states such as
Britain and Norway had "not yielded any
positive results".
A cartel committee was meeting in
Vienna today to discuss output quotas.
It is likely to continue until tomorrow
SKIING HOLS..............584