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IEA economist says Saudi oil output rise “welcome”

Posted on 12 December 2011

The International Energy Agency (IEA) on Monday said a boost in Saudi oil production would provide “welcome” relief to rising oil prices, warning continuing price hilkes threatened to thwart global economic recovery efforts.
“OECD stock levels are at historically low levels, plus we are in a very fragile economic recovery situation,” IEA chief economist Fatih Birol told a seminar………………………………………..Full Article: Source


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