05 December 2008	The on-line newspaper devoted to the world of transports	06:06 GMT+1

July 3, 2003 High oil price blamed for sluggish recovery VIENNA: The head of the West's energy watchdog, the International Energy Agency (IEA), said yesterday that current high oil prices were partly to blame for sluggish world economic growth. Claude Mandil said Opec, which controls half of world oil exports, should moderate its price target of $25 per barrel in favour of protecting market share against rival exporters. "The prices are too high for everybody, too high for the world economy, and that is one of the reasons the economy is sluggish and not recovering very well," Mandil said after a news conference in Vienna ...... Read more on Gulf Daily News Search for hotel Destination O Other destinations Check-in date 12345678910111213141516171819202122232425262728293031 JanFebMarAprMayJunJulAugSepOctNovDec Check-out date 12345678910111213141516171819202122232425262728293031 JanFebMarAprMayJunJulAugSepOctNovDec Search on Select the subject:  All News Ports Tourism Database Aviation Trucking Index Home Page Press Review - Piazza Matteotti 1/3 - 16123 Genoa - ITALY phone: +39.010.2462122, fax: +39.010.2516768, e-mail