Protests against fuel prices blocked highways across Europe Tuesday.
Published:
13 September 2000 y., Wednesday
Protests against fuel prices blocked highways across Europe Tuesday and as pumps ran dry in Britain Prime Minister Tony Blair vowed tough action to move supplies through blockades.
Hauliers furious at high prices and taxes promised more wildcat action across the continent. Protests began in Germany and more were likely in Spain and Ireland.
Although crude oil prices dropped more than $1.30 a barrel, oil traders warned that market fundamentals pointed to continuing high prices in spite of an OPEC pledge to increase production.
Panic buying swept Britain, draining the few remaining supplies of fuel. In the worst hit areas, rubbish went uncollected and hospitals canceled non-emergency services.
"Whatever the strength of feeling there can be no excuse whatever for this type of action which is hurting our people, businesses and emergency services severely," Blair told a news conference after cutting short a visit to northern England.
"Legitimate protest is one thing, trying to bring the country to a halt is quite another," he said, adding that he hoped the situation would be on the way back to normal within 24 hours.
The Organization of the Petroleum Exporting Countries decided Sunday to raise output by 800,000 barrels per day.
European Union foreign ministers said Tuesday that OPEC's latest output increase should help stabilize world oil prices. The bloc's transport ministers said they would meet next week to discuss the impact of high prices.
Šaltinis:
lycos.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Statistics Lithuania has calculated that, based on provisional data, FDI in Lithuania in 2009 amounted by 5.3 % more than in 2008. Also, direct investment of Lithuanian enterprises abroad grew by 13.9 % in 2009.
more »
Concerns about foreign fish being sold in Europe and what to do about the future of Europe's fisheries industry were aired in a hearing held by the Fisheries Committee on 8 April.
more »
EU opens public debate on its agricultural policy, the prelude to a major reform in 2013.
more »
The European Commission today launched a €35 million call for eco-innovation projects to be funded under the Competitiveness and Innovation Programme.
more »
Bank SNORAS group company Finasta Holding recruits all funds management and investment companies of the group in the Baltic States.
more »
The European Central Bank (ECB) and the European Commission are jointly holding a high-level conference on financial integration and stability at the ECB’s premises in Frankfurt am Main.
more »
Today, the European Central Bank (ECB) is publishing its fourth Report on Financial Integration in Europe, which notes the return towards integration in the European financial markets.
more »
World Bank Group financial commitments since July 2008, just before the full fury of the financial crisis hit, reached US$ 100 billion today as the institution helped countries respond to and recover from the global downturn.
more »
On March 31, 2010, the Executive Board of the International Monetary Fund concluded the Article IV consultation with Serbia.
more »
The International Monetary Fund and the United Kingdom’s Department for International Development have launched a new project to improve macroeconomic statistics in 23 African countries. DFID will provide US$7.5 million over the next five years to support the project.
more »