Tags: BNTEAMS | BUSINESS | CMD | COS | DCAA | ECO | EM

IMF Sees Possible ‘Large’ Impact of Mideast Oil Supply Shock

Thursday, 23 Feb 2012 04:31 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

The International Monetary Fund said today that “the impact of an oil supply shock in the Middle East could be large if not compensated by supply increases elsewhere.”

“We have noted in some of our analysis previously, for example, if this were to occur that a halt of Iran’s exports to OECD economies, without being offset from other sources could trigger an initial oil price increase of around 20 to 30 percent, with other producers of emergency stock releases likely, providing some offset over time,” IMF spokesman Gerry Rice told reporters in Washington.

To contact the editor responsible for this story: Kevin Costelloe at kcostelloe@bloomberg.net

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Dershowitz Challenges UK's Miliband: Would You Protect Great Britain Against Terrorism?

Thursday, 30 Oct 2014 20:34 PM

Ed Miliband, who is the leader of Great Britain's Labour Party, wants to become Prime Minister following the next genera . . .

Michelle Obama to Heckler: 'We Love You'

Thursday, 30 Oct 2014 22:23 PM

A heckler interrupted Michelle Obama several times during a speech Thursday, to which the first lady replied, "We love y . . .

McCain: Released Gitmo Detainees in Terror Leadership Roles

Thursday, 30 Oct 2014 22:04 PM

Sen. John McCain says reports of 20-30 former Guantanamo detainees joining the Islamic State (ISIS) and other terrorist  . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved