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Analysis - UK - How much oil do we really have?
| UK -BBC News, by Adam Porter In Perpignan/France -15 July 2005: -- As oil prices remain volatile the markets do their best to forecast future prices. Unfortunately this is not an easy task. While it may appear extraordinary to outsiders one of the main problems in the oil market is the reliability of basic statistics... The oil industry calls the problem 'data transparency'... As oil prices continue to soar, the lack of accurate data could make it harder for the oil market to predict its future direction... |
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