Arab Today, arab today iea oil market ok but fragile
Last Updated : GMT 15:41:25
Arab Today, arab today
Arab Today, arab today

IEA: Oil market OK but fragile

Arab Today, arab today

Arab Today, arab today IEA: Oil market OK but fragile

Washington - Upi

The International Energy Agency is ready to act should oil supplies become constrained, though there\'s no current problem, a deputy executive said. The IEA last year called on members to release oil from strategic reserves to offset supply disruptions brought on by the war in oil-rich Libya. \"Emergency oil stocks, as their name suggests, are for use only when the market\'s ability to efficiently reallocate supplies in a crisis is compromised,\" IEA Deputy Executive Director Richard Jones said in testimony before U.S. lawmakers. Jones said emergency action by the IEA could help calm \"jittery market nerves in 2012\" but currently there was no physical disruptions in the global oil market. \"Ongoing investment in new productive capacity, especially in diverse areas likely to be less susceptible to geopolitical risks and a progressive improvement in energy and oil use efficiency provide longer term routes to greater supply security,\" he said. The IEA said oil prices have established themselves at around the $100 per barrel level though that stability may be fragile. Jones said high oil prices were in part to blame from some of the global economic troubles. \"Oil prices at elevated levels pose significant problems for import-dependent countries,\" he said.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iea oil market ok but fragile Arab Today, arab today iea oil market ok but fragile

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today iea oil market ok but fragile Arab Today, arab today iea oil market ok but fragile

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday