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IEA to convene meeting on surging oil prices PDF Print E-mail
Friday, 14 March 2008

Agence France-Presse . Paris

The International Energy Agency will convene a meeting here Monday of oil industry experts on the current surge in crude prices, which have leapt from record to record in the last 10 days, an IEA spokesman said Wednesday.

‘There will be a meeting on prices with experts, both from the financial and (oil) trading sectors, as well as with representatives of the production and refining sectors,’ an IEA spokeswoman told AFP.

The Financial Times newspaper earlier reported that representatives from oil majors Exxonmobil, Total, Repsol, Shell, and ConocoPhillips as well as officials from the European Central Bank, the International Monetary Fund, the World Bank, and the New York and London oil markets would attend the session.

Oil prices came close to the 110-dollar-a-barrel threshold on Tuesday on supply concerns and a steadily weakening dollar. The IEA seeks to coordinate energy policy among the world’s leading industrialised nations.

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