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IEA’s Birol frets about ‘risky’ $110/b oil price

Posted on 02 October 2013

World oil markets are adequately supplied but oil prices of $110/barrel pose a risk to the still fragile global economic recovery, International Energy Agency chief economist Fatih Birol said Tuesday.
“I wouldn’t say how much they should go down but where they stand today, $110/barrel, this is definitely not good news for the countries that import a lot of oil, and also natural gas whose price is indexed to oil prices,” Birol said in an interview on the sidelines of the annual Oil & Money conference………………………………………..Full Article: Source


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