23.03.2011 - IEA downplays speculation in energy market
Market fundamentals are the main driving force behind fluctuations in the price of crude oil and natural gas, the International Energy Agency said from Vienna. The crisis in Libya closed oil production in one of Africa's top oil-producing nations. The onset of the crisis in early March helped push crude oil and gasoline prices to post-recession highs despite efforts from Saudi Arabia and other crude producers to make up for shortfalls..............................................Full Article: Source
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