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IEA says pressures cloud oil market outlook

Posted on 13 September 2012

The International Energy Agency Wednesday painted a mixed picture of the oil market outlook, highlighting the conflicting pressures on supply and demand that are pulling prices in different directions.
“It’s a very dynamic market,” said Antoine Halff, editor and head, Oil Industry and Markets Division at the IEA. “There are many moving parts; there’s concern about the economy and there’s concern about supply, I don’t think there’s any room for complacency,” he added, referring to the geopolitical turmoil in particular in the Middle East………………………………………..Full Article: Source


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