Higher oil price needed
While the oil producers have settled on a ‘fair price’ for oil of around $75 a barrel, Apicorp economist Wichai Turongpun believes this may be too low to stimulate economic recovery and sustain growth for the future.
The financial crisis and economic turmoil has had a profound impact on the price of oil, according to Wichai Turongpun, head of economics and research at Arab Petroleum Investments Corporation (Apicorp). Turongpun is responsible for a wide range of economic and business research spanning macroeconomics, energy investment and risk assessment in the Middle East/North Africa (MENA) region.
He believes
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