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Price plunge could see Europe saving US$80b in energy imports

Imports for oil, natural gas and thermal coal cost EU around US$500b in 2013
Thursday, October 16, 2014 - 05:50


THE European Union could save up to US$80 billion in energy imports if oil prices remain low, providing some relief to households and companies in a region that has been laid low for the last five years.

The price of oil has dropped over a quarter since the summer to below

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