(EnergyAsia, March 29 2012, Thursday) — Despite weak global demand, oil prices are being supported at current high levels by below-expectations supply growth from non-OPEC countries, continuous production outages and declining spare inventory, said the International Energy Agency (IEA) said on Wednesday.The agency said oil supply from producers outside the Organisation of Petroleum Exporting Countries…
MARKETS: High oil prices supported by slow supply growth, production loss, declining spare capacity
Posted on March 29, 2012 by EnergyAsia