OPEC cuts its five-year forecast for oil investment to $110-120B from 2009-2013, down from...

|By:, SA News Editor

OPEC cuts its five-year forecast for oil investment to $110-120B from 2009-2013, down from $165B. The IEA warns such a steep cut in investment could lead to a supply crunch by 2013, and 'huge investment is needed' to meet future Asian demand.