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Europe Daily Bulletin No. 8812

22 October 2004
Contents Publication in full By article 14 / 30
GENERAL NEWS / (eu) eu/energy
Commission withdraws proposals on oil stocks - Further proposals may prove necessary in future

Brussels, 21/10/2004 (Agence Europe) - On Tuesday, the European Commission announced in a press release that "given the institutional deadlock in the Parliament and Council", it has decided to withdraw the legislative proposals of September 2002 to reform the Community management of oil stock. Against a backdrop of hikes in oil prices and considerable instability and speculation on the markets, Commissioner Loyola de Palacio nonetheless said that she was "convinced of the need for this...

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