Posted AT 8:19 AM EST on 01/07/08
World oil supplies will be tight until 2013: IEA
LONDON — World oil supply will rise more slowly than expected by 2013, leaving little spare capacity on the market despite weaker demand growth, the International Energy Agency said on Tuesday.
In its Medium-Term Oil Market Report, the energy adviser to 27 industrialized countries said global supply capacity will reach 95.33 million barrels per day (bpd) by 2012, 2.7 million bpd less than its previous forecast a year ago.
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