LONDON – The oil industry expects a difficult road ahead as it struggles to recover from the global economic downturn and is forced to juggle rising demand from developing countries against requirements for cleaner energy.
Oil executives and analysts meeting in London on Monday said the industry was at a crossroads as it emerges out of a rout that sent crude prices tumbling from a record high of $150 in July 2008 to under $40 a barrel at the peak of the financial turmoil।
http://news.yahoo.com/s/ap/20100215/ap_on_bi_ge/eu_britain_oil_outlook;_ylt=As6JcCiMStJLNURFOUeJdHGyBhIF;_ylu=X3oDMTJuZHAzdGVyBGFzc2V0A2FwLzIwMTAwMjE1L2V1X2JyaXRhaW5fb2lsX291dGxvb2sEY3BvcwMyBHBvcwM2BHNlYwN5bl90b3Bfc3RvcnkEc2xrA29pbGluZHVzdHJ5Yw--
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