The International Monetary Fund warned Thursday that nations should brace for dwindling oil supplies that could drive prices skyward as demand increases, especially in emerging-market economies .
"The persistent increase in oil prices over the past decade suggests that global oil markets have entered a period of increased scarcity," the IMF said in a report on the global economy.
"The increased scarcity arises from continued tension between rapid growth in oil demand in emerging-market economies and the downshift in oil supply trend growth," the Washington-based institution said in its twice-yearly World Economic Outlook (WEO).
"If the tension intensifies, whether from stronger demand, traditional supply disruptions, or setbacks to capacity growth, market clearing could force price spikes, as in 2007-2008."
http://www.thedailystar.net/newDesign/news-details.php?nid=180914
Comments
Post a Comment