VOL. XXX

NO. 18

9-FEBRUARY-1987

OPEC/NON-OPEC AND OIL PRICES

Norwegian Parliament Approves Production Cut

On 30 January the Norwegian Parliament approved the government's proposal fora 7.5% reduction in Norway's oil output over the period February-June in supportof OPEC's market stabilization effort (MEES, 19 January). An Oil and EnergyMinistry statement said that most oil companies had accepted the government'sauthority to regulate oil production, "but a couple have raised objectionsof a...