Norway is considering curbs on its oil output.
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Prime Minister Gro Harlem Brundtland said her government would consult oil companies operating in the Norwegian sector of the North Sea. She said Norway’s oil output will not be reduced from the current level of 900,000 barrels a day, but planned increases would take effect at a slower pace to help OPEC shore up world oil prices. She did not rule out, however, the possibility that some North Sea oil fields might be required to cut production. A final decision on restraining Norway’s oil production will be made at a government meeting next week, Brundtland said.
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