Thursday 26 December 2024
 
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oil shock

Gulf expats to be biggest victims of oil shock

Saudi Arabia's army of migrant workers will be among the biggest losers from the slump in oil prices and the impact will reverberate to poor countries across the Middle East and South Asia where many of them originate. Saudi A

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Credit crunch will lead to oil shock says expert

The global financial crisis and collapse in the oil market have stalled vital investment in oil exploration and production and are likely soon to lead to a sharp spike in prices, an energy consultant and financier says. Matt Simmons, found

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