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Oil Investment Shortfall May Cause Problems: OPEC

OIL

Shortfall in oil investments could cause problems for the oil market, OPEC Secretary General Haitham Al Ghais said.

  • The oil market also faced constraints on refining capacity and fuels, he added.
  • However, earlier on Monday the UAE energy minister said the oil market is currently balanced and there is no need for an extraordinary OPEC+ meeting, following last week’s news that Russia will cut March oil output but 500kbpd.

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