Bloomberg | Oil Rises as Storm Halts Output While IEA Warns of Supply Crunch Bloomberg Michael, currently a category 1 storm, is strengthening as it heads toward Florida after shutting about 19 percent of oil production in the Gulf of Mexico. The IEA's Executive Director Fatih Birol urged crude producers in the Middle East and elsewhere ... Forget cars, plastics could soon become the 'single most important driver' of oil demand IEA urges Opec to open taps as oil markets enter 'red zone' The Next Pillar Of Oil Demand Growth |