Sharp spending cuts further impede oil capacity expansion: IEA | Crude Oil

Managing editor for Platts EMEA oil news, Richard Swann, and senior correspondent, Margaret McQuaile, discuss the recently published International Energy Agency (IEA) Medium-Term Oil Market Report; focus on the impact of sharp cuts in upstream spending on the agency's forecast of capacity growth within the OPEC oil cartel; and examine a reversal in its forecast that non-OPEC supply would grow by 1.5 million b/d by 2014.

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Created: July 3, 2009

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