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Commodities Briefing - Categorized | Investment, Oil more

Slowdown triggers fears of cut in investment from Opec

Posted on 21 October 2011

The global economic slowdown could send a dangerous signal to Opec producers to lower their investment in oil production, the International Energy Agency (IEA) has warned.
The IEA forecasts that at least US$10 trillion (Dh36.73tn) of oil industry spending is needed to keep up with global demand……………………………………….Full Article: Source


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