Opec pushed its oil production to the highest level in its 48-year history last month, even as demand was slipping in the US and Eur-ope, the International Energy Agency (IEA) said yesterday.
The combination of surplus supply and weaker demand has pushed oil prices to $113.50 a barrel, down 24 per cent in the last month and the lowest level since late April.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/news/opec-pushes-output-record-level
[2] http://admin.indiaenvironmentportal.org.in/category/author/carola-hoyos-javier-blas-london
[3] http://admin.indiaenvironmentportal.org.in/category/newspaper/financial-times-london
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/oil
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/saudi-arabia
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/europe
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/united-states-america-us
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/fuel-pricing
