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Reports fuel supply fears

Upwardly revised oil price forecasts and recent reports from the International Energy Agency and the US National Petroleum Council point to growing unease about global energy supplies, writes David Watkins

Evidence of a looming supply crunch is mounting following the publication of two major reports illustrating the tightness of global oil markets.

In a report entitled Facing the Hard Truths about Energy: A Comprehensive View to 2030 of Global Oil and Natural Gas, the US's National Petroleum Council (NPC) calls for an integrated national strategy in the US with which to face "accumulating risks" to

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