VOL. XXX

NO. 15

19-JANUARY-1987

OPEC/NON-OPECAND OIL PRICES

Norway Will Cut Output by 7.5% in First Half of 1987; UK Reiterates HandsOff Policy

Norway has announced that as of 1 February it will cut its oil production by7.5% for the first half of the year in support of OPEC's efforts to stabilizethe world market. A statement issued on 13 January by the Ministry of Oil andEnergy said that the cuts would be applied across the board to all producingfields in the Norwegian North Sea and would total...