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And Saudi Arabia's recent effort to offset the disruption from Libya, taking production to a record high of almost 10 million barrels a day, will act to compound any supply glut, as will the International Energy Agency's release of reserves.
See articleThe International Energy Agency, the rich world's energy club, announced that member countries would release a combined 60m barrels of oil from reserves to offset the disruption to supply in Libya.
Similar(58)
"One is to give people an incentive to move into Lower Manhattan, or, for those who are already there, to stay, and the other is to offset the cost of living in the area given the inconvenience caused by construction and the disruption of transportation".
To offset the sweetness of the tomatoes.
There are ways to offset the higher costs of deposits.
But Pfizer moved quickly to offset the recommendations.
There are ways to offset the costs.
Expect Samsung Electronics to shed more assets to offset the burden.
To offset the cost, Denver started running ads.
This is often to offset the sedating effects of weed.
One doesn't have to offset the other," Walker said.
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