OPEC

Shell Chief Advocates North Sea Production Cut to Help Stabilization of Oil Prices 

Mr. Peter Holmes, Chairman of Shell Transport and Trading, believes that Britain should be making some contribution to help OPEC stabilize oil prices by cutting North Sea production. In an interview with the London Daily Telegraph on l July, Mr. Holmes declared: "Lower oil prices are bad news for Britain but, if Britain could, it should be doing something like banking royalty oil....