Opec admits impact of shale oil on supply

Opec and shale: Group begins admitting impact of technology

REUTERS/SCANPIX

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News Wires

 08 November 2012 17:17 GMT

Opec acknowledged for the first time on Thursday that technology for extracting oil and gas from shale is changing the global supply picture significantly, and said demand for crude would rise more slowly than it had previously expected, according to a report.

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