Steeg Says Differentials Remain Key Market Issue 

The Executive Director of the International Energy Agency (IEA), Mrs. Helga Steeg, has indicated that in her view the production cuts decided on in Geneva by OPEC are a palliative rather than a cure for the present state of the oil market, and that the real problem facing the oil producers - differentials - remains to be addressed.

In an interview with Reuter on 2 November, Mrs. Steeg said that "one should not attach too...