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Friday, 20 May 2011 13:46

IEA Calls for Rise in World Oil Output

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May 19, 2011 -- Expressing âEURoeserious concernâEUR about elevated crude oil prices, the International Energy Agency on Thursday called for an increase in world oil production. It was an unusual move that highlighted consumer countriesâEUR(TM) frustration at the failure of oil-producing nations to lift output in the face of rising demand and tighter supply. >>More

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