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IEA says U.S. decision on allowing oil exports would be helpful

Posted on 08 April 2013

A U.S. decision on whether to allow oil exports would be “very helpful,” amid constraints on spare production capacity, according to the International Energy Agency.
Global oil markets face a “zone of tension” because of limited amounts of unused crude that can be tapped in case of supply disruptions, IEA Executive Director Maria van der Hoeven said at a conference in Paris today. The pressure could be eased if the U.S., which largely prohibits shipment of its oil, makes a decision on whether to change its policy, van der Hoeven said………………………………………..Full Article: Source


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