DJ IEA Calls "Urgent" Press Conference In Paris For 1300 GMT: "Analysts have recently been speculating that the IEA could be preparing to take action to reduce the oil price by coordinating the release of publicly-held oil stocks held by its member countries in case of emergency shortages.
The continued shut down of around 1.5 million barrels a day of oil supplies by the Libyan civil war continues to cause problems for the oil markets, although have been falling in recent days following weak economic data and the promise from Saudi Arabia to increase its crude production by around 1 million barrels a day."
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