Watchdog cuts oil supply forecast
Posted: Tue 01 Jul 2008, 13:11:35
And here comes the edge of the plateau.....
Read ArticleArticle wrote:Iranian oil field
Supplies are expected to wane among members of oil cartel Opec
Global oil supplies will grow more slowly than expected over the next five years, the International Energy Agency (IEA) has predicted.
Spare capacity in the world system would fall to “minimal levels” in 2013 amid rising demand from developing countries and supply problems, it said.
As a result the IEA cut its supply forecast by 2.7 million barrels per day (bpd) to 95.33 million bpd.Iranian oil field
Supplies are expected to wane among members of oil cartel Opec