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Commodities Briefing - Categorized | Market Moves, Oil more

IEA urges oil producers to boost output

Posted on 21 June 2011

The International Energy Agency (IEA) has called on the Organisation of Petroleum Exporting Countries (OPEC) to increase production in view of the damaging implications for the global economy if the organisation fails to boost output.
In its latest Oil market report, the energy watchdog noted that although OPEC crude supply increased by 210,000 barrels per day (bpd) in May, it remained down by 1.25 million bpd because of the Libyan crisis……………………………………….Full Article: Source


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