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Commodities Briefing - Categorized | Market Moves, Oil more

Oil groups must align strategy work

Posted on 10 January 2013

The Middle East’s national oil companies appear to be facing significant challenges to their position in the global energy market.
The shale boom in North America, and the potential for another in China, are threatening to diminish the importance of Middle Eastern oil supplies. Indeed, the International Energy Agency is forecasting that the US will become the world’s largest oil producer within five years………………………………………..Full Article: Source


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