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 08 August 2007
Confident Consumers - A Fair Deal creating Prosperity & Success for All
 
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International Oil Markets

Through its presidencies of the G7, G8 and EU, the UK promoted international efforts to improve the functioning of the global oil market and to tackle the inefficiencies that contribute to price volatility. This includes facilitating greater investment in production and refining capacity, improving data transparency, deepening dialogue and understanding between producers and consumers, encouraging energy efficiency and supporting emerging markets develop cleaner energy technologies.  HMG continues to push for progress in these areas.

© Crown copyright 2007