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Commodities Briefing - Categorized | Market Moves, Oil more

IEA tells Australia to stockpile more oil

Posted on 20 November 2012

The West’s energy watchdog urged Australia on Monday to build up its emergency oil supplies and stop relying on industry stockpiles, which are too low to meet international commitments due to higher oil imports.
The recommendation, from the International Energy Agency’s review of Australia’s energy policies released on Monday, would allow the country to join the body’s international efforts to coordinate the release of emergency stocks when needed………………………………………..Full Article: Source


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