IEA 30-Day Review of Libya Collective Action

The IEA Secretariat has completed its 30-day review of the Libya Collective Action launched on 23 June.

21 July 2011

The review concludes that the Action served a market need by adding liquidity and bridging the gap to additional supplies from OPEC countries. The Secretariat continues to closely monitor market conditions, and the IEA stands ready to augment the Libya Collective Action if market conditions again warrant.
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