VOL. XXX

NO. 17

2-FEBRUARY-1987

OPEC/NON-OPECAND OIL PRICES

IEA ChidesNorway for Production Cut

Norway's decisionto back OPEC's efforts to stabilize the oil market with a 7.5% production cut inthe first half of 1987 (MEES, 19 January) has been mildly rebuked by its fellowmembers in the International Energy Agency (IEA). An IEA statement issued inParis on 15 January said the production cut "is an individual decision bythe Norwegian Government regarding its own production policy," while at thesame...