Global Economic Recovery Under Threat From $100 Oil: IEA

摘要

The International Energy Agency (IEA) is worried about high oil prices. The lates monthly Oil Market Report issued by the watchdog for the world's energy consuming countries sounds a distinctly cautionary note. The IEA sees no easy fixes on the suppl side, with a protracted Libyan outage and dwindling Opec spare capacity. Furthermore, the comfort previously derived from ample OECD inventories is being eroded. "Comfort depends on where you sit," the report notes, contrasting the situation in the US Midwest with that in Europe where refiners will be scrambling for crude this quarter as they emerge from maintenance.