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Investors Iraq News
11-22-2015, 06:54 PM
Oil crash means biggest boomers halt supply growth in 2016

Slowing output in the the two fastest-growing producers signals the global glut, which has depressed oil prices to near $40 a barrel, may begin to dissipate next year, according to Barclays Plc. While that would start to fulfill Saudi Arabia's plan to re-balance world crude markets, Iraq's struggles show that producers in OPEC are also suffering as that strategy takes effect.

Source: IraqDirectory.com (http://iraqdirectory.com/en/2015/11/22/30325/oil-crash-means-biggest-boomers-halt-supply-growth-in-2016.aspx)

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