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IEA, oil demand destruction
- Saudi Arabia: Sunday, October 09 - 2005 at 07:34
International Energy Agency officials said last week that the two US hurricanes had resulted in a demand destruction for oil. Crude oil prices fell sharply towards the end of the week as the reality dawned that with 12 refineries currently closed, the US would not be buying as much.
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Peter J. CooperSunday, October 09 - 2005 at 07:34 UAE local time (GMT+4)
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This article was updated on Sun Sep 17 2006.
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