(EnergyAsia, May 27, Tuesday) — Analysts have been busily slashing their forecasts for South Korea’s economic growth as oil prices continue to rise to new highs. At least one forecast by the Samsung Economic Research Institute warned that the economy could shrink if the Dubai crude price exceeded $150 a barrel, repeating the outcome of…
KOREA: Economy could shrink if Dubai crude exceeds US$150 a barrel
Posted on May 26, 2008 by EnergyAsia