IEA leaves emergency oil release unchanged

Agency won’t extend 30-day emergency release, calls on OPEC to raise production; release could be extended at end of 30 days

Laurence Frost

Associated Press Business Writer

The International Energy Agency decided Sept. 15 not to extend the 30-day emergency release of oil stocks it put in place after Hurricane Katrina swept through the U.S. Gulf Coast, but called on OPEC to raise production and build up capacity. The IEA said it would “maintain its action of making ava....

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Release could be extended later

Mandil: OPEC should build production capacities