MARKET STABILITY AND ITS REQUIREMENT

by Alhaji Rilwanu Lukman

(The following is the text of an address delivered by Alhaji Rilwanu Lukman, Nigerian Minister of Petroleum Resources and current President of the OPEC Conference, at the Eighth Oxford Energy Seminar on 2 September 1986.)

We have witnessed dramatic changes in the world energy scene in the last two decades. We have seen sizeable increases in the price of oil at one time, and also experienced its severe erosion within a...