OIL PRICES NO OPPORTUNITIES
PLATTS - Major Middle Eastern crude producers may not keep their exports to Asia too tight in 2018 as any substantial uptick in international oil prices would reignite strong investment in global oil projects and prompt new competition to emerge, director for energy markets and security at the International Energy Agency Keisuke Sadamori said Monday.
Any rise in global crude prices as a result of maintaining tight supplies to Asia could work against Middle Eastern producers as lower prices have been one of the main drivers of strong demand so far this…
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