Global gas supplies are making for a buyer’s market as demand weakens and new supplies come on stream, according to a draft 2009 World Energy Outlook (WEO) by the International Energy Agency (IEA). The agency, which is set to issue its final report on Tuesday, is expected to announce a downward revision to its world oil forecast for the second year in a row.
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IEA: Global Gas Glut to Hurt Prices, Projects
Global gas supplies are making for a buyer’s market as demand weakens and new supplies come on stream, according to a draft 2009 World Energy Outlook (WEO) by the International Energy Agency (IEA). The agency, which is set to issue its final report on Tuesday, is expected to announce another downward revision to its world oil forecast for the second year in a row.
November 6, 2009
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