NO. 22



Norway Pledges Continued Support for OPEC

Mr. Arne Oeien, the Norwegian Oil Minister, has pledged his country'scontinued support for OPEC despite weakening oil prices. He told Reuters on 4March that "if Norway were to give up its support of OPEC now, it could betaken as a sign in the oil market that the bottom is falling out of it."Norway agreed last year to apply a 7.5% cut in future crude oil productiongrowth planned by the operating companies. Asked how long...