VOL. XLIII

No. 07

14-February-2000

OPEC

Higher Oil Prices Threaten Global Growth, EU Warns OPEC

The Commission of the European Union (EU) took the unusual step on 10 February of issuing a warning to OPEC states about the effects of forcing up oil prices by maintaining curbs on output. A senior official at the Commission told MEES the EU wanted to put on the record its concern at the way price rises were affecting individual member states. But the Commissions greater concern was about the effect...