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IEA Chief Warns Oil Drop May Hurt Investment in Energy

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The rapid decline in oil prices and volatility in crude markets may deter investment in all types of energy needed to meet future demand, the head of the International Energy Agency said.

“There is a reluctance for investments in energy projects in general,” Maria Van Der Hoeven, executive director of the IEA, said Wednesday in an interview in Abu Dhabi. “We can see it everywhere. If these low oil prices delay investment, or investment decisions, the world will be in a problematic situation in the next decade.”