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Don't Factor Syrian Oil into Market Jitters
Conflicts in the Middle East and North Africa are likely dragging on broader economic recovery as oil prices move to relative highs. In Syria, any recovery in oil production will be inhibited by damage to the country's infrastructure. Foreign energy companies stopped working in Syria earlier this year because of the conflict and this week, a deputy oil minister became the highest-ranking civilian official to defect from the government. While the conflict in Syria contributes to the general unease in the global oil market, its overall energy…Read more...
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