| 21.04.2009 - $50 oil good for global recovery - Al Hameli |
| From Gulfnews.com: The UAE believes oil price at $50 (Dh183) per barrel is good for global economic recovery but has made a case for fresh investment in boosting world crude output to avert a new cycle of high prices. With major world economies, including the US and Japan, going into recession, oil demand has slipped, driving down crude prices from the peak of more than $147 reached in July last year.....Full Article: Source |