IEA to call for an emergency oil plan
Oil importing countries should implement emergency oil saving policies if supplies fall by as little as 1m-2m barrels a day, the International Energy Agency will warn next month.
March 31, 2005
World’s thirst for oil makes falling output worse
The slower increase in non-Opec supply is boosting demand for the cartel’s oil, reducing Opec’s already low spare capacity, while demand continues to grow.
March 15, 2005
Opec warns of tightening in oil market
The Organisation of Petroleum Exporting Countries signalled a significant tightening of oil markets towards the end of this year, warning on Wednesday it would have to pump close to its maximum capacity next winter to meet rising demand from China against the backdrop of slowing Russian production.
February 16, 2005