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Commodities Briefing - Categorized | Investment, Oil more

OPEC chief: U.S. forecast may hurt investment plan

Posted on 14 November 2012

The head of OPEC warned Tuesday that its members’ spending plans could be undermined by an energy watchdog’s forecast that the U.S. will leapfrog Saudi Arabia in terms of oil production.
On Monday, the International Energy Agency, which represents key oil consumers, predicted the U.S. will overtake Saudi Arabia as the world’s largest oil producer by 2020 thanks to a shale output boom………………………………………..Full Article: Source


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