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stem : v. 遏止
OPEC, which produces about 40 per cent of the world's oil, is pumping almost as much crude as it can to increase inventories before consumption peaks in the fourth quarter. Crude oil reached a record $US60.95 on June 27, deepening concern that the cost of energy would slow economic growth.
Prices have surged 53 per cent in the past year on concern that producers and refiners will strain to meet demand for petrol, diesel and heating oil.
US Treasury Secretary John Snow said on June 28 that high prices were hurting the world economy. German Chancellor Gerhard Schroeder on June 27 called for more transparency in oil markets to stem speculation.
[ Oil: $80 is next call ]
OPEC, which produces about 40 per cent of the world's oil, is pumping almost as much crude as it can to increase inventories before consumption peaks in the fourth quarter. Crude oil reached a record $US60.95 on June 27, deepening concern that the cost of energy would slow economic growth.
Prices have surged 53 per cent in the past year on concern that producers and refiners will strain to meet demand for petrol, diesel and heating oil.
US Treasury Secretary John Snow said on June 28 that high prices were hurting the world economy. German Chancellor Gerhard Schroeder on June 27 called for more transparency in oil markets to stem speculation.
[ Oil: $80 is next call ]
posted by Dennis @ Tuesday, July 05, 2005
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