IEA Sees Oil-Supply Crunch by 2013 on Slow Investment

April 25 (Bloomberg) — The International Energy Agency said the world may face a crude oil shortage by 2013 because of slower investments in oil exploration and production by OPEC members and other producing countries.

Members of the Organization of Petroleum Exporting Countries have delayed a total of 35 drilling projects, the Wall Street Journal reported on Feb. 10, citing the group