International Energy Agency warns of crude oil supply crunch

摘要

London-International Energy Agency chief Nobuo Tanaka warned February 16 that a new oil supply crunch could occur by 2013 if companies and producers reduce investment in expanding capacity as a result of low oil prices."Currently demand is low because of the economic situation," Tanaka told reporters on the sidelines of a London energy conference. If investments are neglected, "post-2010, we may have another serious supply crunch," he said.