• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Oil and Gas Market
    Oil and Gas News
    Oil and Gas Stocks
    • Oil and Gas Market
    • Oil and Gas News
    • Oil and Gas Stocks
    market news

    Oil Exporters Should Increase Production, Says G7

    Charlotte McLeod
    Aug. 30, 2012 02:57PM PST
    Oil and Gas Investing

    Platts reported that the G7 nations have called for oil exporters to increase production, an unexpected move that indicates the group’s concern that high oil prices will hurt the still-delicate global economy.

    Platts reported that the G7 nations have called for oil exporters to increase production, an unexpected move that indicates the group’s concern that high oil prices will hurt the still-delicate global economy.

    As quoted in the market news:

    In a short statement, the G7 ministers also hinted at the possibility of calling on the International Energy Agency to tap emergency oil stockpiles to ensure the market remains well supplied.

    “We remain vigilant of the risks to the global economy. In this context and mindful of the substantial risks posed by elevated oil prices, we are monitoring the situation in oil markets closely,” the finance ministers said in the statement.

    Click here to read the full Platts report.

    market news
    The Conversation (0)

    Go Deeper

    AI Powered
    Oil & Gas Outlook: World Edition

    Oil & Gas Outlook: World Edition

    IEA May Avert ‘Toxic’ Mix of Oil Prices

    Latest News

    Funding to Accelerate H2 and CO2 Commercialisation

    Westport Announces the Resignation of Chief Financial Officer William Larkin and Appoints Elizabeth Owens as Successor

    Alvopetro Announces Production Results from Murucututu 183-D4 Well and an Operational Update

    Trading Halt

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×