OPEC AND OIL PRICES
Nigeria's Lukmann Favors Retention of $18/B OPEC Price Rather than Attempted Increase
Speaking in Lagos on 7 May, Nigerian Oil Minister Rilwanu Lukman, who is also the current President of the OPEC Conference, said that Nigeria favored holding the OPEC price steady at the present $l8/B rather than attempting an increase to a level that might prove impossible to defend. However, he noted that if the value of the US dollar continued to fall significantly over a long...
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