VOL. XLIII

No. 38

18-September-2000

OPEC

Joint Statement By EU Finance Ministers On Oil Prices

The following is the text of the statement on the current level of oil prices issued by the European Union Finance Ministers following their meeting in Versailles on 9 September:

Ministers consider that the current level of oil prices is a source of major concern. Oil prices need to return to a level that preserves worldwide growth.

Ministers noted that OPEC Ministers had stated that if the oil price...