VOL. XXXII

NO. 39

3-JULY-1989

OPEC

UK Labour Party Backs Cooperation with OPEC

The opposition Labour Party in the United Kingdom has come out openly infavor of cooperating with OPEC and non-OPEC producers to ensure oil pricestability and has said that such cooperation would have to involve "somerestraint on production." In an interview with the OPEC press agency OPECNA,the Labour spokesman on oil and gas, Mr. Frank Doran, said that "it isclear that we are producing more oil than we are...