GENERAL
US Treasury Official Says Fall in Oil Prices Would Be Welcome
A senior official of the US Treasury has reiterated the US administration's view that a further modest decline in oil prices would benefit the world economy, and has asserted that even a major fall in prices would not significantly affect non-OPEC output.
Speaking at the annual conference of the International Association of Energy Economists in Bonn on 5 June, Deputy Assistant Secretary of the Treasury Charles...
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