§ Mr. Skeetasked the Secretary of State for Energy whether he proposes to seek to meet a delegation from the organisation of petroleum exporting countries to discuss prices and production quotas for North sea oil.
§ Mr. Buchanan-SmithNo. Nor have I received any request to meet such a delegation.
§ Mr. Skeetasked the Secretary of State for Energy whether he proposes to give the British National Oil Corporation a specific direction on price for North sea crudes in view of the decline in spot prices.
§ Mr. Buchanan-SmithNo. The prices of United Kingdom North sea crudes are governed by market forces and established by negotiation between BNOC and its customers and suppliers.