International records / Foreign Relations of the United States

295. Telegram From the Department of State to the Embassy in the United Kingdom

$39.25 per barrel,” a $3 increase. The Embassy added that the British Government and the BNOC “waited to move until the post-Bali price conduct of West African light crude producers became apparent,” including Libya’s $4 increase to $41 per barrel, Nigeria’s $3 increase to $40 per barrel, and Algeria’s $3 increase to $40 per barrel. (Ibid., D810007–0113) In telegram 48 from Kuwait, January 6, the Ambassador commented: “If British National Oil Corporation makes quarterly upward adjustment in price as indicated in reftel, I hope Department will express same public and private criticism that pric…