ANALYSIS GCC braces itself for $90 barrel of oil

November 2011
MEED: Middle East Economic Digest;11/11/2011, Vol. 55 Issue 45, p13
Trade Publication
The article reports that all Gulf Co-operation Council (GCC) oil producers will be focusing on their 2012 budgets in response to average oil prices for next year. It is said that several factors propelled oil to more than 100 dollars a barrel in 2011. Libya is starting to ramp up production of its sweet, light crude oil, since the resolution of its conflict.


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