Rodrigo Rato, the new managing director of the International Monetary Fund, has called for a new energy initiative to help counter the surge in the price of crude oil, reported the New York Times. He said that the climb in the price of oil was largely the result of strong demand and the world needed…
MARKETS: IMF calls for new policy to curb impact of oil price rise
Posted on June 18, 2004 by EnergyAsia