Global Industry: “Oil recovery lulls producer nations into economic stupor” – IEA

Global Industry: “Oil recovery lulls producer nations into economic stupor” – IEA

Hydrocarbons-dependent nations need to diversify their economies fast to make up for future revenue shortfalls.

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OILPRICE: IEA says oil supplies May not keep up with demand

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. In its latest annual World Energy Outlook, the International Energy Agency (IEA) warned that the current period of oil abundance may be fleeting, and in fact, without heroic levels of production increases, oil markets will grow dangerously tight in the coming years.

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Global Markets: Conflict in Iraq Sends Oil Price Soaring

Oil climbed to its highest price in nine months on Friday as insurgency in Iraq raised fears about the country’s oil exports.

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