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Oil & Gas Energy

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  • Publication date: April 2011
Keywords : crude oil, oil price, natural gas, shale gas reserve, naphtha

Petrochemicals demand in Asia Pacific is still strong but European producers are now finding it hard to compete in a rapidly changing scenario. Recent turmoil in the Middle East region has led to a shortage in supply of crude oil, which has caused a sharp increase in crude oil prices. Crude oil prices have increased sharply from December 2010, when political unrest started in Tunisia, followed by other Middle East and North African countries, inc...

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