The International Energy Agency's chief economist, Fatih Birol, said high Brent crude oil prices are posing big risks for the global economy.
The International Energy Agency's chief economist, Fatih Birol, said
high Brent crude oil prices are posing big risks for the global economy.
"The current prices now they are a major problem for global economic
recovery, especially for
Europe
, the
weakest chain of the global economy for the time being," Mr. Birol told
Dow Jones Newswires, speaking on the sidelines of a conference.
Mr. Birol said European oil and gas import bills for 2013 will reach about 500
billion euros ($668 billion) if oil prices remain at these levels. This means a
"major problem for the European and global economy."
The Paris-based agency, which represents the interests of major
energy-consuming rich countries, last week cut its forecast for global oil
consumption this year, as expectations of faster growth in the world's demand
for oil could be overly optimistic. The Organization of the Petroleum Exporting
Countries, on the other hand, has a more positive outlook for 2013. Last week
it raised its forecasts for global oil demand growth on signs of an improving
economy.
Διαβάστε ακόμα
Τρι, 24 Σεπτεμβρίου 2024 - 19:58
Τρι, 24 Σεπτεμβρίου 2024 - 19:54
Τετ, 18 Σεπτεμβρίου 2024 - 18:32
Τετ, 18 Σεπτεμβρίου 2024 - 18:27
Τρι, 17 Σεπτεμβρίου 2024 - 20:01