Middle East Economic Survey

VOL. XLVIII

No 37

12-September-2005

IEA Members Agree To Release 2Mn B/D Of Oil Stocks For 30 Days After Hurricane Katrina

IEA Executive Director Claude Mandil announced on 2 September that all 26 IEA member countries had agreed collective action in response to the interruption to oil supplies in the Gulf of Mexico caused by Hurricane Katrina, which he said constituted a serious disruption of supplies. According to an IEA statement, both the organization and the EU...