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Posts Tagged ‘ OPEC ’

World oil crisis: impact on developing countries

May 29th, 2008 | By | Category: Business

The economic analysts argue that there are many reasons; direct and indirect, behind the current oil price hike. They mainly attribute to the developments in China and India which had increased the consumption levels of the fuel per day. This situation had led the Organisation of Petroleum Exporting Countries (OPEC) to a problem since its [...]