But the experts said substantial cutbacks from large Gulf producers and other states would be needed to comply with the accord.
OPEC Capacity Race Possible Some, in fact, believe a capacity race has already begun within OPEC - with major expasions reportedly planned by Saudi Arabia, the other Gulf producers and Venezuela - that could raise its production capability 20 percent by the mid-1990's and prevent the group from reasserting effective power to increase prices.
Possible answer: Saudi Arabia and the other Gulf producers may have spare production capacity brought online.
A new sentence has been substituted, to convey that costs could be pushed up if Gulf producers were forced to find alternative routes (in the case of all but Saudi Arabia, this would be overland).
Gulf producers often hire Egyptian companies to churn out 10-day "contract" films.
Iranians (and other Gulf producers) are laughing at the world over this crisis.
But a closure of the strait could cause a temporary shutdown of supplies, and if in the longer term Gulf producers were forced to find alternative routes, costs could be pushed up significantly.
Gulf producers account for about one-quarter of American output.
Gulf producers have also argued that the major problem OPEC is facing is not its own overproduction but the mild weather in Western Europe and Japan.