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19.10.2016, 09:16

Saudi Oil Minister warned of the risk of inadequate supply, if the investment in the sector will continue to decline and the oil market conditions continue to improve

  • the drop in oil prices comes to an end

  • an agreement on the reduction of oil production will support the rebalance

  • world oil demand is growing against the background of improved economic situation

  • the global oil and gas industry needed capital investments in the amount of 24 trillion dollars

  • many oil-producing countries want to cut production by "healthy level"

  • the meeting in Istanbul will bring closer the positions of the OPEC countries and countries outside the cartel

  • OPEC's agreement will allow to investment in the oil sector, which is not sufficient

  • many oil-producing countries want to seriously reduce production


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