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Oil Producers Adopt Higher Crude Prices For 2012 Budgets
Published on Monday, 16 Jan 07:00 am
With the OPEC Basket price averaging $112.11/B last year versus 2010’s $107.46/B many MENA countries posted a surplus for 2011 and were encouraged to hike the oil price forecast they will use in their 2012 budgets.
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