Mon, Jan 26, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Oil, Regulatory more

IEA report on oil gets angry Opec reaction

Posted on 13 November 2008

From Times Online: Opec has made a scathing attack on a report from the International Energy Agency which says that the world’s existing oil producers face a “huge challenge” to keep up with a projected rise in global demand.

The report from the IEA, the respected Paris-based energy advisor to the Organisation for Economic Co-operation and Development (OECD) club of wealthy nations, said that to compensate for the depletion of existing oilfields, by 2030 the world would need to find new production equivalent to 45 million barrels per day, or the output of four Saudi Arabias, to maintain present levels of supply……. Full Article: Source


 Article link

This post was written by:

VRS - who has written 38958 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031