| From Xinhua: Iran's representative at the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Ali Khatibi said Tuesday that the era of cheap crude oil supply is already over and the global oil crisis is approaching, the semi- official Mehr news agency reported.
Talking to Mehr, Khatibi said the era of producing and supplying the cheap crude oil is already over and in future the global production of the crude oil will drop, adding the uncertainty crisis over the crude oil supply to the world market is approaching..............................................Full Article: Source
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