(EnergyAsia, December 21 2010, Tuesday) —– Increases in oil reserves may not necessarily result in higher supply in the future, according to the International Energy Agency (IEA). Without independent verification, Iraq, Iran, Kuwait and Venezeula sharply increased their estimate of their proven oil reserves in October. These countries may not be able to attract the…
MARKET: Rise in oil reserves doesn’t mean higher supply, says IEA
Posted on December 20, 2010 by EnergyAsia