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Samples in periodicals archive:
HOW excellent it is that our very amiable Viscount Ridley has been awarded the IEA Free Enterprise Award.
The IEA said in a statement that Estonia "fulfils all membership requirements, including emergency oil stocks", which all IEA member countries are required to hold.
Far from drowning in oil, markets have had to dig deeply into inventories to meet unexpectedly strong demand," the IEA said in its monthly oil market report.
In its Medium-Term Oil Market Report, the IEA said that expectations of economic growth through the forecast period have been reduced amid persistent OECD debt concerns, especially in the euro zone.
The IEA now expects global demand for oil to grow by half a million barrels a day less than previously estimated.
Meantime, the IEA report earlier this month contradicted what it said now about decreased exports from Iran.
A background paper prepared by the IEF and presentations by co-hosts IEA and OPEC on their short, medium and long-term projections set the scene.
If between 2011 and 2015 investment in the Mena region runs one-third lower than the $100 billion per year required, consumers could face a near-term rise in the oil price to $150 per barrel," the IEA said in its annual World Energy Outlook.