VOL. XLV

No 24

17-June-2002

SUPPLY/DEMAND

PalacioTo Call For Increased EU Oil Stocks

EuropeanUnion (EU) Energy Commissioner Loyola de Palacio hascalled for EU oil stocks to be boosted from the current 90 days to 120 days. Inan interview published in the Financial Times on 10 June, Ms Palacio said: It is a reality that the aftermath of 11September means there are now greater risks, and greater risks call for biggerstocks. While the report gave no schedule for submission of the proposal, itcited Ms...