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Uwe Eberle From Komfie Manalo, Opalesque Asia:

Hedge fund managers who attended the latest Opalesque Gulf Roundtable are one in saying that development in unconventional oil would impact not only the Gulf region but the global market as a whole because of an expected rise in oil production.

The Opalesque Gulf Roundtable took place in Abu Dhabi last month and was sponsored by Van Eck Global and Eurex.

Uwe Eberle, Managing Director of Van Eck Global, a fund house that manages $34.8bn in commodities and gold mining stocks, said that while the development in unconventional oil is still in its early stage, he sees the potential for significant production increases in the years to come.

Unconventional oil is petroleum produced or extracted using techniques other than the conventional (oil well) method.

"In the U.S. we have been seeing a tremendous change in the gas market due in our opinion to the advanced extraction techniques in horizontal drilling and hydraulic fracturing," Eberle told the Roundtable participants. "These changes in technology led to record production levels, significant supply, full storages and record low prices. If the early success of the Bakken and Eagle Ford fields ca......................

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