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Oil in the GCC Countries

  • Giacomo Luciani
Publisher: Gulf Research Center
Date of Publication: Jul 2016
Publications Categories: Gulf Yearbook


The price war that may be dated to OPEC's conference on November 27, 2014 continued in 2015 and shows no sign of soon leading to a new equilibrium. Crude oil production continues to exceed global demand; stocks are increasing, and, at the time of writing, prices remain on a downward slope.

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