Monday 10 October 2016

OIL EXPORTING NATIONS LOSE $1TR TO CRISIS

The over two years of oil price crisis has cost the Organisation of the Petroleum Exporting Countries (OPEC) more than $1 trillion in losses and a decline of 26 per cent in industry-related investments.

Besides, with the unsteady developments in the growth of the global economy, there is a projection that the oil industry would record further contraction of about 22 per cent in investment this year.

Read more @ Tadall

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