28.05.2009 - IEA seeks more oil market stability, no OPEC cuts

From Reuters: The fragile global economy needs to be shored up by stable oil prices and not output cuts by OPEC countries, the head of the International Energy Agency Nobuo Tanaka said on Wednesday. "For the future, we want to see more of a buffer in the (oil) market, with more spare capacity and (higher) inventory levels to... stabilize the market," Tanaka told Reuters in an interview during his visit to Norway's Sleipner gas field.......Full Article: Source

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