IEA to convene meeting on surging oil prices

LONDON (Thomson Financial) – The International Energy Agency will convene a meeting of oil industry experts in Paris on Monday 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 Agence France Presse.


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.

Forbes