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

First Japan-Baltic States charter flight

On August 4, the first chartered flight of "The Japan Airlines" will arrive from Tokyo in the Baltic States and land in Riga. more »

EBRD water loan to help construction of affordable housing in Siberia

1.6 billion rouble loan to overcome problems holding up expansion of city of Surgut more »

Nordic Shared Services & Outsourcing Forum 2009, 26 – 27 August, Sweden

Nordic Shared Services & Outsourcing Forum 2009, 26 – 27 August, Sweden more »

Lithuania among Least Expensive Countries in Europe

Results of the latest price survey by Eurostat show that Lithuania is on the list of the TOP 10 least expensive countries in Europe. more »

Digital economy can lift Europe out of crisis, says Commission report

The European Commission's Digital Competitiveness report published today shows that Europe's digital sector has made strong progress since 2005. more »

Obama talks GDP, jobs

US President Barack Obama said that the economy was weaker than he thought when he took office, but there are signs of improvement. more »

EIB and UniCredit support the economy in Central and South Eastern Europe: total funding scheduled in 2009 in the region exceeds EUR 1.2 bn

The EIB and UniCredit Group strengthen their cooperation to implement the Joint Action Plan of the largest multilateral lenders in Central and Eastern Europe who have committed to provide up to EUR 24.5 bn lending to the SME sector hit by the global economic crisis. more »

During the first six months of this year AB Bank SNORAS earned LTL 24 million profit

Within the first half of 2009, AB Bank SNORAS earned LTL 24 million of unaudited profit. more »

69% of workers helped by EU globalisation fund found another job

10,000 workers were helped by the European Globalisation Adjustment Fund (EGF) last year and of these, more than two-thirds found a new job, according to a report adopted by the European Commission today. more »

SEB awarded as the best Internet bank in Lithuania

SEB recently won awards for best consumer Internet banks in Lithuania and Latvia in a ranking presented by Global Finance Magazine. more »