VARIOUS: EUROPEAN MOTORISTS COMPLAIN ABOUT OIL PRICES AS OPEC MEETS TO DECIDE WHETHER TO RAISE OUPUT OF CRUDE OIL

Record ID: 345003

  • Title: VARIOUS: EUROPEAN MOTORISTS COMPLAIN ABOUT OIL PRICES AS OPEC MEETS TO DECIDE WHETHER TO RAISE OUPUT OF CRUDE OIL
  • Date: 3rd June 2004
  • Summary: (U3) HAMBURG, GERMANY (JUNE 2, 2004) (REUTERS) 1. WIDE / PAN OF PETROL STATION 0.09 2. PAN OF PRICES OF PETROL AND DIESEL 0.19 3. WIDE OF CUSTOMER FILLING HIS CAR WITH PETROL 0.24 4. CLOSE OF CUSTOMER FILLING UP CAR 0.31 5. SCU (SOUNDBITE) (German) CUSTOMER, SEBASTIEN BRANDT SAYING: "I try to get used to filling the petrol tank on the days when it is cheaper, what can you do, that's the way it is." 0.36 6. SCU (SOUNDBITE) (German) CUSTOMER, PIA DORMUSCH SAYING: "What are you supposed to do? You can't run a car without petrol. But you can reduce using it, so I try to use the train as much as possible or walk." 0.50 (W5) BONN, GERMANY (JUNE 3, 2004)(REUTERS) 7. SLV GERMAN CHANCELLOR GERHARD SCHROEDER ARRIVING FOR RENEWABLE CONFERENCE 0.59 8. WIDE OF MEDIA 1.03 9. SCU (SOUNDBITE) (German) GERMAN CHANCELLOR GERHARD SCHROEDER SAYING "We hope and expect that OPEC will raise its output quota, in a way that will have positive impact on the oil price. That is the one measure on the supply side. We know, that on the demand side especially, the global economic situation is actually favourable. The increased demand is being caused by the USA, who are building up extensive stockpiles, which has consequences on the price formation and spot markets in Rotterdam. The issue will naturally play a role at the meeting of Group of Eight leaders next week in the United States, it has to play a role, because such a high oil price has negative impact on a fortunately flourishing global economy, and therefore on the German economy." 2.08 (W5) GRAPHICS (JUNE 3, 2004) (REUTERS) 10. GRAPHIC OF CHART OF LIGHT CRUDE OIL PRICE 2.16 (W4) LONDON, ENGLAND, UNITED KINGDOM (JUNE 3, 2004) (REUTERS) 11. VARIOUS OF TOTAL PETROL STATION 2.22 12. SLV MAN FILLING CAR WITH FUEL 2.25 13. CLOSE OF PETROL PRICE ON PUMP 2.29 14. WIDE OF CUSTOMER FILLING CAR WITH PETROL 2.33 15. CLOSE OF PRICE AT PETROL PUMP 2.37 16. CLOSE OF EVENING STANDARD NEWSPAPER POSTER READING "PETROL PRICES PROTESTS BEGIN" 2.41 17. WIDE OF PETROL GARAGE WITH NEWSPAPER POSTER 2.45 18. SCU (SOUNDBITE) (English) CUSTOMER SAYING: "I live so close that I have an account here and it is slightly easier to put up with whatever prices they charge than going somewhere else. But I must say even I'm tempted to move after fourteen years because when a litre is over a pound one starts thinking maybe there are better ways of doing things." 3.08 19. CLOSE OF PETROL PRICE OF 112.9 POUNDS 3.13 (W4) ROME, ITALY (JUNE 3, 2004) (REUTERS) 20. WIDE VIEW OF ESSO PETROL STATION 3.20 21. VARIOUS OF PETROL PUMP ATTENDANT FILLING CAR UP 3.23 22. VARIOUS PETROL PUMP WITH PRICES 3.28 23. SLV ATTENDENT AND CUSTOMER CHECKING PRICE ON PUMP 3.39 24. SCU (SOUNDBITE) (Italian) PETROL PUMP ASSISTANT FABRIZIO PINZI SAYING "A rise in the price is unjustified as always. For us (the salesmen) we have our margins on the litre so the more it rises the less we earn, its not good for us or our clients." 3.56 215. WIDE OF PETROL STATION 3.59 Initials Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 18th June 2004 13:00
  • Keywords:
  • Location: HAMBURG, BONN, GERMANY; LONDON, ENGLAND, UNITED KINGDOM; ROME, ITALY
  • City:
  • Country: England Italy United Kingdom Germany
  • Reuters ID: LVAJ2AMTX3FNV27F5077TE5IEGC
  • Story Text: Europeans are hoping the price of petrol will go
    down as OPEC oil ministers meet in Beirut to discuss oil output increase.



    German Chancellor Gerhard Schroeder said on
    Thursday (June 3, 2004) he expected OPEC to increase oil output
    sending prices down.

    "We expect that OPEC will raise its output quota, in
    a way that will have positive impact on the oil price",
    Schroeder said on the sidelines of an international energy
    conference Renewables 2004 in Bonn.

    "The issue will naturally play a role at the meeting
    of Group of Eight leaders next week in the United States,
    it has to play a role, because such a high oil price has
    negative impact on a fortunately flourishing global
    economy, and therefore on the German economy," Schroeder
    said.

    Ministers from the Organisation of the Petroleum
    Exporting Countries met in Beirut on Thursday to discuss
    raising crude output quotas.

    Leaders of the Group of Eight (G8) major industrial
    nations will meet at a summit in Sea Island, Georgia
    between June 8 and 10.

    Oil prices have surged to around $40 (dollars) a barrel
    this year amid worries about maintaining supply in the face
    of growing security risks in the Middle East and surging
    demand in boom regions such as China.

    The surge, fuelled last weekend by deadly attacks in
    the Saudi oil city of Khobar, has sparked fears that a
    revival in the world economy risks being snuffed out by
    high fuel prices.

    In the meantime motorists all over Europe complained
    about petrol prices.

    Members of the German public have begun taking measures
    to use less petrol, such as using public transport.

    "What are you supposed to do? You can't run a car
    without petrol. But you can reduce using it, so I try to
    use the train as much as possible or walk," said one
    customer who was filling her car with petrol at a Hamburg
    petrol pump.

    "I try to get used to filling the petrol tank on the
    days when it is cheaper, what can you do, that's the way it
    is," said another customer.

    In the UK where petrol prices have been among the
    highest for a long time, a litre of petrol was selling well
    above the pound, pressing even the most loyal customers to
    think twice before filling up their petrol tanks.

    "I live so close that I have an account here and it is
    slightly easier to put up with whatever prices they charge
    than going somewhere else. But I must say even I'm tempted
    to move after fourteen years because when a litre is over a
    pound one starts thinking maybe there are better ways of
    doing things," said one motorist in London's affluent
    Chelsea district.

    The price of petrol in Italy has largely stayed the
    same despite the fluctuation of costs abroad and concerns
    about
    political instability abroad. However, Italians are keeping
    up to speed with developments in the hope the price for
    unleaded petrol will be brought down from the current 1.16
    per litre.

    "A rise in the price is unjustified as always. For us
    (the salesmen) we have our margins on the litre so the more
    it rises the less we earn - its not good for us or our
    clients," said petrol pump assistant Fabrizio Pinzi.




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