15.04.2009 - Oil prices expected to surge again
From Zawya.com: Oil prices will rebound sharply after the global economy recovers because of an expected supply shortage arising from low investment in the hydrocarbon sector, according to a prominent British research group. The Edinburg-based Wood Mackenzie, one of the world's leading research and consultancy companies, said the 12-nation Organisation of Petroleum Exporting Countries reacted wisely to the sharp slackening in world crude demand as a result of the global financial crisis......Full Article: Source
Print