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/ 9 January 2008

Tough to pump more oil, even at $100

Oil at a barrel should give exporters every incentive to pump more, but their difficulty in doing so shows the world is struggling to sustain production. A growing number of leading industry figures now question mainstream forecasts for supply, suggesting the era of ”plateau oil” is nearer than many had admitted.

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/ 16 October 2007

Opec worried by record oil prices

The Organisation of the Petroleum Exporting Countries (Opec) voiced concern on Tuesday over oil’s relentless rise towards $88 a barrel, but some members said the exporter group can do nothing more to control the rally. Opec agreed last month to raise production by 500 000 barrels per day from November 1.