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Europe Daily Bulletin No. 7884

19 January 2001
Contents Publication in full By article 15 / 47
GENERAL NEWS / (eu) eu/energy
Commission regrets reduction in oil production of 1.5 million barrels, decided by OPEC countries

Brussels, 18/01/2001 (Agence Europe) - In a communiqué published on Thursday, the European Commission declares that it "regrets the decision of the OPEC countries to reduce the quota of oil production by 1.5 million barrels a day", adding that "such a reduction may prove to be an obstacle to the reconstitution of stocks and increase price volatility". The rise in price "will have harmful effects for world growth", says the Commission. At the end of their ministerial meeting in Vienna on 7...

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