The $50-a-barrel question and the New Gulf civilisation

April 2006
MEED: Middle East Economic Digest;4/7/2006, Vol. 50 Issue 14, p64
Trade Publication
The article presents an outlook for world oil prices for the next 25 years. Oil prices will remain around $50 a barrel in real terms for an entire generation. World oil consumption will continue to grow by 2030. The Gulf Cooperation Council states will lift gas production from about 7 per cent of the world total to as much as 20 per cent.


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