IEA revises outlook for non-OPEC supply growth.(International Energy Agency)(Organization of the Petroleum Exporting Countries)(Brief Article)
Publication: Oil and Gas Investor
Publication Date: 01-SEP-05
Author: Taylor, Bertie
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The International Energy Agency is optimistic for higher crude oil prices now that it has lowered its non-OPEC supply growth projections for 2005 and 2006. Its August oil-market report cited lower projected production from Russia, the Asia-Pacific region and Africa as among reasons for the new forecast.
"With the...
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