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Europe Daily Bulletin No. 8096

22 November 2001
Contents Publication in full By article 26 / 38
GENERAL NEWS / (eu) eu/energy
Loyola de Palacio reacts to fall in crude oil price and announces financial aid for international electricITY links

Madrid, 21/11/2001 (Agence Europe) - In an interview with the Spanish paper "Expansión" on 21 November, the Vice-President of the European Commission with responsibility for energy and transport, Loyola de Palacio, said that the price of crude oil had fallen too low and that it was not in Europe's interest for the rate to go below $20/barrel because that would endanger investment in the sector, particularly in prospecting, which would itself lead to serious new price fluctuations in the...

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