International Energy Agency: 5 Years Later, Crude Oil Market Supply And Demand Is Still Tense.
The German business daily, scheduled for 7, will publish an exclusive interview with the executive director of the International Energy Agency, Tanaka shin.
Tanaka Nobuo said in an exclusive interview that the world oil market in 2013 will continue to show tension in supply and demand.
Tanaka Nobuo believes that from 2009 to 2010, due to the increase in crude oil supply due to the commissioning of new oil fields, the tension in the crude oil market will be eased.
But then the supply will drop, and demand, especially in developing countries, will rise.
The supply of crude oil market will tighten again in 2013.
He said Russia and other countries impose high taxes on foreign oil companies, which is not conducive to encouraging investment.
In terms of consumption, he opposes some countries' artificially maintaining the low price of refined oil, which is believed to convey "wrong information" to consumers and is not conducive to reducing energy waste.
Crude oil prices have more than doubled in the past year, and oil prices are approaching the $150 mark per barrel.
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