VOL. XXX

NO. 19

16-FEBRUARY-1987

OPEC/NON-OPEC AND OIL PRICES

Buchanan-Smith Adamant on UK Non-Intervention

British Minister of State for Energy Alick Buchanan-Smith has again restatedthat the UK has no intention of joining other non-OPEC oil producers in limitingproduction with the aim of stabilizing the oil market.

Mr. Buchanan-Smith told reporters in New York on 4 February that "we donot interfere in the marketing of oil" and that "we have resolutelydecided" not to impose production controls....