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Oil could be $15 more per barrel without more Middle East investment

Posted on 05 June 2014

Global oil prices could go up by $15 per barrel in about 10 years, if the Middle East doesn’t invest more in its oil fields, the International Energy Agency says. The IEA also reports the world may find itself more reliant on Middle East investment for shale oil production.
If the Middle East fails to invest adequately in its oil fields, global oil prices could spike by an additional $15 per barrel in the 2020s. That comes from the International Energy Agency in a new report assessing global energy investment needs through 2035……………………………………….Full Article: Source


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