MidEast Oil Losses 1/2 $Trillion
By Micah Halpern
Monday April 25, 2016
I've Been Thinking:
The International Monetary Fund (IMF) has revised its assessment of Mideast oil production profits and losses.
Originally the IMF said that gulf oil exports should anticipate a $360 billion drop in profits. They have revised that number to $390 billion.
In addition, the IMF is predicting a half trillion dollar reduction of profits for next year.
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