Primary Sources

PrintPrint EmailEmail ShareShare CiteCite


Statement by the G-8 on Global Oil Markets, May 2012

Published May 19, 2012

G8 leaders released this statement regarding the global oil market at the G8 summit in Maryland on May 19, 2012.

"There have been increasing disruptions in the supply of oil to the global market over the past several months, which pose a substantial risk to global economic growth. In response, major producers have increased their output while drawing prudently on excess capacity. Looking ahead to the likelihood of further disruptions in oil sales and the expected increased demand over the coming months, we are monitoring the situation closely and stand ready to call upon the International Energy Agency to take appropriate action to ensure that the market is fully and timely supplied."

More on This Topic

Analysis Brief

U.S. and UN Shift on Iraq

An expanded role for the UN in Iraq could aid efforts to reach political consensus, but some UN officials and American policymakers remain...


Iraq, Education, and Children of Conflict (Audio)

Speakers: Angelina Jolie, Safaa El-Kogali, and George E. Rupp
Presider: Gene B. Sperling

Listen to experts discuss issues surrounding the education of children of conflict, specifically with regard to the current situation in Iraq.