Merril Lynch on Thursday said it expected US crude futures to remain above USD 50/barrel through the end of the year because limited investment has left the industry without sufficient spare capacity.
The forecast from Merril Lynch follows a warning from the International Energy Agency earlier in the week that investment in the oil sector was 15-20 per cent less last year than what is needed to meet IEA estimates for the next 25 years. The underinvestment stemmed from two main factors, according to the IEA: listed companies returning cash to shareholders and international companies´ l
Freitag, 6.05.2005, 10:47 Uhr
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