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IEA sees risk of volatile oil prices on weak upstream investment

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A lack of new investment in oil production is stoking a risk of tighter crude supply and unstable prices, an IEA official has warned.

Riyadh

A DEARTH of new investment in oil production is stoking a risk of tighter crude supply and unstable prices, even as demand growth is expected to slow over the next five years, according to a senior International Energy Agency (IEA) official.

The worldwide cushion of spare

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