NORWAY: A CHALLENGE TO OPEC

Obscured though it may be by a veil of concealment, Norway's apparent decision to apply a system of spot related pricing as from the beginning of December 1984 is of considerable significance for the oil market in general and OPEC in particular. This significance will, of course, be greatly magnified if in due course the UK also abandons its tenuous remaining links with an official price system and moves entirely to spot-related pricing. Although all UK...