IEA Statement On OPEC Market Stabilization Efforts
The following is the text of the statement issued by the International Energy Agency on 11 September concerning OPECs efforts to stabilize the oil markets:
The International Energy Agency welcomes oil producers plans to increase production by 800,000 b/d of crude oil, promising increased supply in a market that clearly needs more oil.
But Robert Priddle, the IEAs Executive Director, cautioned that the OPEC...
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