Oil Supplies

Part of the debate – in the House of Commons at 12:00 am on 24th October 1973.

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Photo of Mr Peter Walker Mr Peter Walker , Worcester 12:00 am, 24th October 1973

It is only the Arab States which have announced cuts. The other members of OPEC have not announced cuts. One presumes that there will not be cuts in supplies from those sources. It is difficult to make an interpretation of the statement from the Arab States. The statement referred to action to be directed particularly against those countries which had supported Israel. It is not clear exactly at what time after the termination of the war they would change their policy. This is a matter on which the Government are in contact with overseas Governments.