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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: carranza2 who wrote (83729)11/28/2011 5:19:49 AM
From: elmatador  Read Replies (1) | Respond to of 218099
 
EU oil import costs have soared to > $400bn this year as crude prices continue to trade above $100 a barrel, heightening concerns about their impact on the region’s economy, the International Energy Agency has warned.

Strong demand, in particular from emerging market economies, coupled with tight supply on the back of disruptions in the Middle East and North Africa have helped underpin prices.

puts “an additional burden on recovery efforts,” said Fatih Birol, chief economist at the leading energy watchdog.

“If they stay at these levels in the coming months, they could well strangle the economic recovery,” he added.

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