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Email this article: Saudi Arabia says Brent oil should drop to US$100 a barrel
Posted: Sun May 13, 2012 10:40 am
SAUDI ARABIA. Crude prices should fall because global supply is outweighing demand, according to Saudi Arabia's oil minister, Ali al-Naimi.
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UAE. Low oil prices will constrain the amount of funding available to Gulf sovereigns and banks to support the region's substantial infrastructure bill in coming years; S&P projects a gap as large as $270 billion through 2019 between capital spending for projects and project contracts awarded.
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