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IEA’s head: High oil prices could impact emerging markets

Posted on 21 November 2011

Current oil prices are high and the crude markets are tight, and if prices continue at current level they will have an impact on emerging markets, International Energy Agency Executive Director, Maria van der Hoeven, told reporters in Riyadh.
“Oil prices are still quite high and what we’ve said before that is if oil prices are high at this level for a longer period it will have an impact on economic recovery, especially for developing countries,” she said………………………………………..Full Article: Source


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