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Commodities Briefing - Categorized | Oil, Price Watch more

Oil prices’ new dynamic: too much oil, too little demand?

Posted on 16 October 2012

Oil prices could fall over the next five years as supply grows and demand languishes, a new report forecasts. Expanding production from North America and shift in demand to Asia behind new dynamic for oil prices.
Start with demand. Ever since the Arab oil embargo of the early 1970s, oil has flowed from OPEC and other developing nations to the developed world, whose energy demands kept rising………………………………………..Full Article: Source


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