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Oil prices to stay high?
May 21: There is good news for the oil & gas industry going ahead, at least for the next five years
8Oil demand growth will be robust till 2023
8This demand is going to be lead by the sharp increase in global petrochemical industry
8The counter-balance is that output will exceed this rise in demand at least up to 2020
8The market however is in a near balance situation
8Supply disruptions will cause sharp spikes in prices, as spare capacity shrinks
8At any rate it will be difficult for prices to slow down anytime soon.
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