| 13.04.2012 - IEA says oil market fundamentals easing |
| The oil market has broken a two-year cycle of tightening supply conditions, the International Energy Agency (IEA) said on Thursday, as demand softens and Saudi Arabia increases output in response to tensions with Iran. The agency said in its monthly report that there had potentially been a rise in global oil stocks of 1 million barrels per day (bpd) over the last quarter, and the impact on prices had not yet been fully realised...............................................Full Article: Source |