OPEC reiterates will ensure stable oil market amid terror attacks
London (Platts)--7Jul2005
OPEC Thursday sent condolences to the British government following the transit bombings in London earlier in the day, and said is was ready to work with other oil producers and consumers to make sure such acts of terrorism did not disrupt world energy markets. "[OPEC President Sheikh Ahmed Fahed al-Sabah] reiterated OPEC's continued readiness to work with both developing and developed countries--producers and consumers alike--to ensure that such acts were not allowed to disrupt stability in world energy markets, particularly oil market stability, which, he said, was so important to sustained economic growth and the advancement of global prosperity," OPEC said in a statement. "And he affirmed that OPEC stood ready to assume its responsibility and to work with others for the stability and security of the oil market," it added. "On behalf of OPEC, I am writing to convey to you, Mr Prime Minister, and through you, to Her Majesty's Government and to the people of the United Kingdom of Great Britain and Northern Ireland, our most heartfelt condolences following the dastardly terrorist attacks which struck London earlier today," Sheikh Ahmed said in a letter to UK Prime Minister Tony Blair. "OPEC's voice loudly joins the chorus of all those who rightfully and vociferously condemn these repeated acts of terrorism," he added. "OPEC observed, 'with enormous sadness', that this tragedy had occurred at the same time as the Summit of the Group of Eight Leaders was meeting in Scotland to discuss crucial global economic issues regarding debt in developing countries and the alleviation of poverty, as well as trade and the environment," OPEC added. At least 37 people died in four separate explosions on underground trains and a bus in central London. For more news about OPEC, take a trial to Platts Oilgram News at http://oilgramnews.platts.com.
Copyright © 2005 - Platts
Please visit: www.platts.com
Their coverage of energy matters is extensive!!.