| The decline in global crude oil prices may not abate until 2017 as the oil market is expected to rebalance within two years, the Secretary-General of the Organisation of Petroleum Exporting Countries, Abdalla el-Badri, has said.
Badri, who spoke in London on Tuesday, was said to have expressed concern about the impact of low oil prices on investment and the consequences for future supply, but insisted that rebalancing the world oil markets was the responsibility of all producers and not a burden to be borne by OPEC alone...............................................Full Article: Source
|