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Europe Daily Bulletin No. 7881

15 January 2001
Contents Publication in full By article 11 / 47
GENERAL NEWS / (eu) eu/energy
EU and United States call on OPEC to limit reduction of oil production in order to stabilise the market

Brussels, 15/01/2001 (Agence Europe) - The United States and the European Union have joined forces in calling on OPEC countries to limit the reduction in oil production to a minimum, which should be decided during the meeting of the oil cartel on Wednesday in Vienna.

In order to bring the price of a barrel of oil to $25, currently $22, OPEC would be preparing to reduce production by 1.5 million barrels per day. Saudi Arabia is pressing for a reduction of between 1.5 and 2 million barrels,...

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