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Commodities Briefing - Categorized | Oil, Price Watch more

IEA warns oil prices will rise if there isn’t more investment in Middle East, N Africa

Posted on 19 October 2011

A reluctance to invest in energy infrastructure in Middle Eastern and North African countries, partially because of unrest in the region, could drive up oil prices, an economist warned Tuesday.
Fatih Birol, the chief economist for the International Energy Agency, said that $1.5 trillion dollars needs to be invested each year if the world is going to meet energy demands from now until 2035……………………………………….Full Article: Source


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