19.06.2012 - IEA: Oil market now better supplied
Market fundamentals have eased since the start of 2012, and economic concerns have risen again with risks skewed to the downside, the International Energy Agency said in its latest monthly Oil Market Report. The Paris-based agency estimates that crude oil output from the Organization of Petroleum Exporting Countries averaged 31.9 million b/d during May, up by 1.4 million b/d from its December 2011 output...............................................Full Article: Source
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