OPEC/NON-OPEC

Norway to Continue Production Restraint till End of Year

As a result of OPEC's decision to reduce its fourth quarter production ceiling from 18.3mn b/d to 16.6mn b/d, Norway is to extend the 7.5% production cut it imposed for the first six months of the year until the end of the year, according to the Oil Ministry spokesman, Mr. Egil Helle. Announcing the decision on 29 June, Mr. Helle said that "we took a very positive view of the OPEC meeting in Vienna. The ac-...