NEWS ARCHIVE

New oil shock risk alert

OIL and gas prices staying "lower for longer" could lead to global energy security concerns by heightening reliance on a small number of low-cost producers, or risk a sharp rebound in price if investment falls short, according to the International Energy Agency.

The IEA's latest World Energy Outlook 2015 issued this week found that the plunge in oil prices over the past year has set in motion the forces that led the market to rebalance, via higher demand and lower...

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