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Europe Daily Bulletin No. 8710

20 May 2004
Contents Publication in full By article 22 / 50
GENERAL NEWS / (eu) eu/energy
Loyola de Palacio says OPEC is gambling with its credibility if it does not increase oil production

Brussels, 19/05/2004 (Agence Europe) - Loyola de Palacio, Energy Commissioner, will be in Amsterdam for the ninth International Energy Forum to be held from 22 to 24 May, and which brings together oil producers and consumers. Ms de Palacio will urge producer countries to increase their production in order to counter the rise in crude oil prices per barrel, which have reached very high levels in recent months. "There is an urgent need to step up the quantity of oil produced", she said on...

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