| 17.03.2011 - IEA trims 2011 world oil demand & warns of oil price shock |
| From Liveoilprices.co.uk: The IEA has forecast in it’s latest monthly oil report that global oil demand will be lower than previously expected in 2011 as high oil prices begin to take effect on the global economy. The IEA, which advises 28 countries on energy policy, also said OPEC’s oil production fell only slightly in February as OPEC member countries stepped in to compensate for the loss of Libyan crude oil output..............................................Full Article: Source |