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Home    Media    Oil prices could present global economic risk, says Continental Re

The ongoing oil price war could lead to another global meltdown in 2015, according to Lawrence Nazare, executive director at Continental Re. In an interview with RISKAFRICA, Nazare said that if Organisation of the Petroleum Exporting Countries (OPEC) maintains production, prices will continue to fall below the economic production price for US oil fracking and may lead to another US recession with a consequent ripple effect on the rest of the World.

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