OPEC AND OIL PRICES

Lukman Says December Conference Could Raise Prices

According to the president of the OPEC conference, Nigerian Oil Minister Rilwanu Lukman, OPEC may decide to raise oil prices at its next meeting in December, "providing that it did not destabilise the market." Speaking to Reuters on 24 July, Mr. Lukman stressed, however, that OPEC's primary aim is to maintain a stable market and avoid forcing consumers to switch to alternative energy sources. die want to...