Lukman Says OPEC Will Stick to Quotas
The President of the OPEC conference, Nigerian Oil Minister Rilwanu Lukman, has said that "OPEC will hold to production quotas" since the alternative would be "a situation similar to the price collapse of 1986 or worse." Addressing a conference in London on 3 July, Mr. Lukman stressed that "we are convinced that the defense of a stable oil price is a must," and warned that the success of OPEC's market...
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