HC Deb 06 March 1986 vol 93 c211W
Mr. Bermingham

asked the Secretary of State for Energy what is his policy on oil in the light of current and projected price trends; and what discussions he has held with oil companies about the price implications of this policy.

Mr. Peter Walker

United Kingdom oil production levels are a matter for the producing companies, subject only to technical limits. United Kingdom prices are determined by the world market and the balance of supply and demand. I frequently meet the oil companies to discuss matters of mutual interest.

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