OPEC AND OIL PRICES

OPEC Has Not Abandoned its Market Share Strategy, Says OPEC President

Alhaji Rilwanu Lukman, Nigeria's Minister of Oil and current President of the OPEC Conference, has categorically repudiated suggestions that, with the conclusion of the August agreement on temporary production limitation, OPEC had thereby abandoned its policy of seeking a fair market share.

In a trenchant speech to the Oxford Energy Seminar on 2 September (for full text see pages D1-5), Mr....