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Europe Daily Bulletin No. 8015

27 July 2001
Contents Publication in full By article 22 / 40
GENERAL NEWS / (eu) eu/opec
Commission reaction to decision of oil cartel to cut in production

Brussels, 26/07/2001 (Agence Europe) - Asked about the decision of OPEC (Organisation of Petrol Economic Countries) to drop its oil production by a million barrels a day from 1 September, a spokesman for the European Commission declared that the latter regretted such a decision that could only maintain price instability. Mr. Gantelet added that, for the Commission, a "fair" price for oil was "more around $20 a barrel than $30". He also regretted the lack of any real dialogue between...

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