OPEC AND OIL PRICES

Norway Reiterates Support for OPEC

Norway considers current overproduction by OPEC as a "temporary phenomenon" and will continue its support for the Organization, according to the Oil Ministry spokesman, Mr. Egil Helle. The Norwegian official told Reuters on 16 September that "we are watching what happens, but see no immediate reason to reconsider our support of OPEC." It will be recalled that as a result of OPEC's decision last June to reduce...