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Opec says $7.5 trillion investment needed in energy

Posted on 08 November 2013

Opec upgrades oil demand forecasts on expectation of 380 million new cars on China’s roads by 2035 and says world needs to invest nearly $8 trillion on new energy facilities. Petrol prices are unlikely to fall significantly anytime soon based on the latest long-term projections for the global oil market released by the Organization of Petroleum Exporting Countries (Opec).
The group of 12 major producing nations estimates that meeting increases in world oil demand through to 2035 will require $7.5 trillion (£4.6 trillion) worth of investment into building new infrastructure such as production plants, refineries and pipelines………………………………………..Full Article: Source


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