VOL. XXXI

NO. 36

13-JUNE-1988

OPEC

British Energy Minister Says UK Helps OPEC

The UK Energy Minister, Mr. Cecil Parkinson, has put forward the somewhatodd proposition that Britain is helping OPEC's attempt to stabilize oil pricesat $18/B by reducing its output from the North Sea. Speaking in Jakarta on 6June, Mr. Parkinson said (perhaps wishing to be tactful to his Indonesian hosts)that "the main way that OPEC is trying to stabilize the price is byreducing production. As I say, we are reducing...