Europe Fuel Protests Grow, UK's Blair Defiant

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.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Fortis Bank Nederland and ABN AMRO Bank Nederland - Commission grants extension of deadline for implementation of remedies

The European Commission has decided to grant an extension of the deadline for the divestment of Fortis' corporate banking business, consisting of Hollandsche Bank Unie N.V. (HBU), two corporate client departments, 13 "Advieskantoren" and ABN AMRO's Dutch factoring activities to Deutsche Bank. more »

MEPs back support for milk sector

MEPs will vote on an emergency plan to help the crisis-stricken sector dairy sector on Thursday after the Agriculture Committee approved the Commission's proposal on Monday evening in Strasbourg. more »

EBRD invests in leading retailer in Montenegro

The EBRD is boosting competition in the Montenegrin retail sector with a loan to expand the supermarket network of one of the leading retailers in the country. more »

Steve Ballmer on SharePoint: A Great Tool for Pumping Up Productivity

Redmond, Wash. — Oct. 16, 2009— On Oct. 19, Microsoft CEO Steve Ballmer heads to the sold-out Microsoft sharepoint Conference in Las Vegas where he will address more than 7,000 sharepoint customers, partners and developers. more »

Charting a course for maritime policy and sustainable fishing

Proposals tabled for collaboration on sea surveillance, bigger EU role in global maritime affairs and sustainable fishing. more »

EBRD loan helps Noble Group take off in Ukraine

$50 million financing package for agricultural commodities operator. more »

Norwegians move sheet-metal production to Lithuania

Seeking to increase sheet-metal production volumes, Stansefabrikken decided to move all company’s production from Lillesand (Norway) to Stansefabrikken’s successfully operating factories in Lithuania. more »

The Baltic Sea Region: The best place to work and do business

The European Economic and Social Committee (EESC) and the European Commission Representation in Finland jointly organise a conference in Helsinki on 22 and 23 October on "The Baltic Sea Region: the best place to work and do business". more »

Closer look to reality or hard landing of Baltic tiger

Why did economy rise drastically turn into painful decline and what price will every of us have to pay for that? more »

EBRD revies down 2009 economic forecasts, sees fragile recovery in 2010

The economies of central and eastern Europe are expected to contract by an average of 6.3 per cent in 2009 following steep output declines in the first half of the year. more »