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The head of the International Energy Agency (IEA) recently stated that the curre ...

The head of the International Energy Agency (IEA) recently stated that the current high oil prices were partly to blame for sluggish world economic growth. Claude Mandil said the 11-member Opec cartel, which controls half of world oil exports, should moderate its price target of $25/b in favour of protecting market share against rival exporters.

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