LBO Home IndoChina | About Us | To Advertise | Contact Us rss LBO Mobil rss rss rss rss rss
Tue, 23 December 2014 04:50:52
US money printing lifts oil prices, for now: IEA
12 Nov, 2010 14:48:14
PARIS, November 12, 2010 (AFP) - Easy-money policy by the United States is pumping up the oil price to about 90 dollars, but medium-term growth of oil demand should slow and contain the price, the IEA said on Friday.
"Physical market developments through October have stoked expectations of inexorably higher prices even though the framework of market fundamentals for next year, to us, still looks fairly comfortable," the International Energy Agency said.
But "the dangers of a renewed price bubble, borne of perceptions on the timing of 'inevitably' tightening markets, seems clear," it warned, in a reference to pressures in the immediate future.
Your Comment
Your Name/Handle
Your Email (Your email will not be displayed)
Location
Country
Your Email
Receivers Email
Your Comment
 
READER COMMENT(S)
1. Siripala Nov 13
US/UK can print money but they cannot print OIL. As the PetroDollar depreciate the greedy Arabs raise prices.