Wednesday 7 October 2015

Drop in global investment to boost crude oil prices

Drop in global investment to boost crude oil pricesOrganisation of Petroleum Exporting Countries (OPEC) has expressed optimism that slash in global investment by $130 billion in 2015 from its level of $650 billion in 2014 would lead to increase in crude oil prices.
The projection was based on the fact that investment in new or expansion projects has plummeted, supply will tighten and as supply falls, prices inevitably rise.


Read more @ Guardian Online

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