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Commodities Briefing - Categorized | Market Moves, Oil more

U.S. oil boom leaves OPEC sidelined from demand growth

Posted on 15 May 2013

Rising U.S. shale oil production will help meet most of the world’s new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC to lift output without risking lower prices, the West’s energy agency said.
The prediction by the International Energy Agency (IEA) came in its closely watched semi-annual report, which analyses mid-term global oil supply and demand trends………………………………………Full Article: Source


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