Expect oil to hit $200IEA forecasts sharp rise in prices; trillions needed for new investments by 2030 The Associated Press & Petroleum News
The International Energy Agency nearly doubled its forecast for the price of oil over the next 20 years, citing rising demand in the developing world as well as surging costs of production.
According to a summary of the agency’s World Energy Outlook report published in full on Nov. 12, the IEA has h....
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Slowdown in global demand
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