(EnergyAsia, July 13) — The Paris-based International Energy Agency (IEA) has issued the following report on the state of the world oil markets. Benchmark NYMEX WTI crude futures rallied above $75/barrel in early July driven by strong gasoline prices, refinery problems and geopolitical uncertainty. Supply constraints remain in Nigeria, although Iraq’s northern pipeline is…
MARKETS: IEA predicts second quarter world products demand to stay unchanged at 1.21 million b/d
Posted on July 13, 2006 by EnergyAsia