(EnergyAsia, April 30 2012, Monday) — World oil markets are starting to ease on rising OPEC production and the implied build-up of global stockpile to 1.2 million b/d for the first quarter, said the International Energy Agency (IEA).Gains in Saudi Arabia-led OPEC production to 31.4 million b/d in March and lower consumption in the West…
MARKETS: IEA expects oil prices to remain high despite rising global production, stockbuild
Posted on April 30, 2012 by EnergyAsia