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Europe Daily Bulletin No. 7687

30 March 2000
GENERAL NEWS / (eu) eu/energy
Increased OPEC quotas for oil production is positive but insufficient, considers European Commission, calling for vigorous EU action in several areas

Brussels, 29/03/2000 (Agence Europe) - European Commission Vice-President Ms Loyola de Palacio considered that the OPEC decision to increase oil production quotas "is a step forward for returning to more reasonable prices more in phase with market reality, but it is not a determining response" to the concerns of the EU. According to Ms de Palacio, "the ever growing dependency of the EU on energy imports calls for initiatives in order to strengthen long-term security in energy supplies, in...

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