OPEC

UK Opposition Calls for Cooperation with OPEC 

Britain's opposition Labour Party has come out in favor of cooperation with OPEC in order to stabilize the oil market. The party made its position known in a letter to the Chancellor of the Exchequer from its front bench Treasury spokeswoman, Dr. Oonagh McDonald, on 31 January which stated that "the government cannot continue to act in splendid isolation." Dr. McDonald's letter pointed out that "a dramatic fall...