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OPEC Kingpins Warn About World’s Dwindling Energy Capacity

  • “I have never seen these things,” says Saudi oil minister
  • Comments come as gasoline prices rose to record in the U.S.
Bloomberg business news
UAE Says Lack of Oil Investment Catching Up With OPEC+ Producers
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The oil ministers of Saudi Arabia and the United Arab Emirates warned that spare capacity is decreasing in all energy sectors as producers slash investment, causing everything from crude to diesel and natural gas to trade at or near record highs.