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OPEC (Price Fixing)

Part of Oral Answers to Questions — Energy – in the House of Commons at 12:00 am on 9th May 1983.

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Photo of Mr Nigel Lawson Mr Nigel Lawson Secretary of State for Energy 12:00 am, 9th May 1983

North sea prices are determined in commercial negotiations which obviously take account of OPEC prices along with all the other market evidence.