OPEC AND OIL PRICES

Lawson Rejects Opposition Call for Cooperation with OPEC 

The British Chancellor of the Exchequer, Mr. Nigel Lawson, has vigorously rejected calls from the opposition Labour party for cooperation with OPEC to stabilize the world oil market.

Replying on 12 February to last week's letter from Labour Treasury spokeswoman Oonagh McDonald calling for a dialogue with OPEC (MEES, 10 February), Mr. Lawson said he was "astonished at your proposal that we should...