Crude prices surged into 2001, as the world's biggest oil exporter demanded action to support prices, and the US cold snap dumped one foot of snow on New York.
Published:
3 January 2001 y., Wednesday
In London, the price of Brent crude initially soared more than $1 a barrel after Saudi Arabia urged the producers' organisation Opec to back an output cut of 1.5 million barrels a day.
The call followed a meeting of Gulf states over the weekend which backed action to underpin oil prices.
A barrel of Brent crude for February delivery came within range of $25 a barrel on Tuesday before slipping to $24.35, a closing price 48 cents above Friday's closing price of $23.87.
In New York, the price of Nymex (New York Merchantile Exchange) crude reached $27.40 a barrel before settling at $27.40, a gain of 41 cents or 1.5% on the day.
Nymex oil prices in 2000 averaged $30.20 a barrel, the highest level since 1983, and well above the 1999 average of $19.25.
Šaltinis:
BBC News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
New rules for the EU's single market will make it easier to live and do business anywhere in Europe.
more »
MEPs were disappointed that the Commission's EU budget review document had not sought the radical revision that the EU needs, they told Budgets Commissioner Janusz Lewandowski in a Policy Challenges Committee debate on Thursday.
more »
On 25 October, the Commission adopted the decision to financially support the 2011 electoral process in the Central African Republic.
more »
New EU framework for crisis management in the financial sector for managing problems before they spiral out of control.
more »
The financial crisis laid bare the limits of self-regulation, demonstrating the need for strong EU economic governance, surveillance and policy co-ordination, say two non-legislative resolutions voted by Parliament on Wednesday.
more »
The European Commission has approved an application from Germany for assistance from the European Globalisation adjustment Fund (EGF).
more »
Global and EU- level taxes on financial sector would help to fund international challenges such as development or climate change and fix the fallout from the global economic crisis.
more »
The European Investment Bank and African Development Bank today agreed to provide EUR 45m to design, build and operate onshore wind farms on four islands in the Cape Verde archipelago.
more »
MEPs want future EU budgets to accommodate new policy priorities as well as negotiations on new sources of financing.
more »
The European Parliament's Budgets Committee on Monday backed EU funding for 3,731 workers in Portugal, the Netherlands, Spain and Denmark who were made redundant due to the closure of their companies.
more »