& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

OPEC decision can give crude prices moderate temporary lift
VIENNA. May 24 : A dget ston by the Organisation of Petroleum Exporting Countries to allow a smaller than expected rise tn OPEC's third quarter oil output could give crude prices a moderate temporary lift, analysts said at the weekend, reports AFP
। The deal that emerged late I Friday after one of the shortest half-yearly OPEC conferences of recent years seemingly marked a truce tn a running feud over pricing between
| heavyweight Saudi Arabia and OPEC s traditional “price hawks.* led by Iran.
This was one of the more unexpected features of the two-day talks Others included the absence, officially because of "fatigue", of influential-Saudi Oil Minister Hisham Nazer, who usually makes sure he has the last word
The analysts said key Western markets — which reopen on Tuesday after holidays in both Britain and the United Stales — might be reluctant to take the deal at face value. It had ambiguities, including
formal reservations by three leading producers, which were in fact not new
But operators could give the accord the benefit of the doubt, at least until there ts clearer evidence a* to whether and to what extent OPEC's major players, including Saudi Arabia and rival Iran. Intend to translate communique language into action. OPEC admit tedly has a poor track record In this respect
The new production pact was presented as a roll-over for July through September of OPEC's second-quarter production ceiling of 22.98 Million Barrels a Day (MBD) except for Kuwait which will be allowed to continue rebuilding Its war stricken capacity.
Iraq, still under a United Nations oil export embargo, remains outside the quota system
The formal roll-over helped OPEC ministers avoid another round of haggling over the distribution of national produc bon quotas.
But It masked a foreseeable
effective rise In output to a range of 23 5 Io 23 6 MBD. se nlor officials conceded
This should In no event ex ceed 23.7 MBD. OPEC* own estimate of the amount of its crude that the market will digest without any risk of renewed pressure on prices, they said
"Anything less tlurn 24 MBD Is a little bonus for the market, confirmed Vienna-based oil consultant Bahman Karbas stoun a veteran OPEC watcher
But several analysts said the test would be whether OPEC members could resist a temp lation to cheat on their quotas
Oil industry observers said an effective ceiling of about 23.5 MBD had a positive ring due to expectations raised by strong pre-conference signals from Saudi Arabia that it wanted a celling of about 24 MBD. Saudi experts set likely demand a little higher still '
They flagged a figure and then climbed down, an expert said, adding that no one had-may explanation for this.
The Saudis have tended to
etnphaslse volume and market share, and have reached price moderation since the Gulf War But Gulf sources said the Saudis were now convinced that a price rise of up to three dollar a barrel will have no effect at all either on Western economic recovery or on oil demand
Irans Oil Minister Ghola-mreza Aghazadeh has pressed for acute tn supply to reduce the gap between OPEC selling prices and the agreed target of 21 dollar a barrel for a selection of key crudes
For growing list of members faced with domestic economic, social and political difficulties, higher export earnings has be come the top priority
Senior delegates said the deal should Ude OPEC over the next four months When minis ters reconvene around mid September to review the fourth quarter outlook we II 1 no longer have any quota problems, one of them said we will all be able to produce what we can.