Richardson calls for improvement in oil data

08/07/2000
US Energy Sec. Bill Richardson has called for an improvement in oil supply and demand data gathering as a means to bolster oil market stability.He told representatives of oil producing and consuming nations that "it is time to get our facts straight" on world supply-demand data.Richardson spoke last month at the closing of the World Oil Market Data Conference in Madrid. The US and Spain co-hosted the meeting.Richardson's stanceRichardson said, "It is my hope that together we can find ways to help make world oil markets more stable. And one path toward better oil markets is better data."It is the free market that determines price, supply, and demand. So it is crucial that buyers and se...
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