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Energy agency plays down fears of 9% fall

Posted on 30 October 2008

From Guardian: The International Energy Agency yesterday sought to play down a report that it believes global oil production is falling faster than previously thought.

The Financial Times said a draft of the IEA’s annual world energy outlook calculated world production would fall by 9.1% a year without extra investment. A number of oil-producing countries are reported to be finding it harder to finance new projects because of the recent sharp fall in the oil price….. Full Article: Source


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