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OPEC calls for $10 trillion in investment to guarantee adequate oil supply
The oil industry collectively needs at least $10 trillion in fresh investment by 2040 to ensure there is enough supply to meet demand from the world’s growing population, the president of OPEC said. Speaking in London on Tuesday, UAE Energy Minister Suhail bin Mohammed al-Mazroui — who holds the presidency of the Organization of Petroleum Exporting Countries in 2018 — called for the investment as the market starts to rebalance after years of oversupply. “This year is going to be an interesting year, where we are expecting to achieve the balance in the market between supply and demand, and most important, to ... (full story)
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ITS ABOUT THE CASH NOTHING ELSE.
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