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Monday, April 4

IEA warns against possible acute oil shortage

PARIS, April 1 (Itar-Tass) -- The International Energy Agency (IEA) has come to the conclusion that the world economy is facing a serious threat of acute oil shortage. IEA experts have prepared a special report, due to be published within a few weeks, in which they warn the key oil consuming countries about the need for immediately taking tough energy-saving measures, if the daily oil supply to the world market is reduced by one to two million barrels.


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