VOL. XLIII

No. 27

3-July-2000

OPEC

Norway Lifts Restraints On Oil Production

Norwegian Minister of Petroleum and Energy Olav Akselsen issued a statement on 29 June saying that his country will lift any restraints on oil production. "The oil market situation has improved considerably since OPEC and other oil-producing countries, among them Norway and Mexico, implemented the production restraints," the statement said. "The oil prices are high today. They represent partly a tighter market with lower...