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Wall Street Journal: Global Oil Production’s Peaked, Analyst Says

Last updated:

Wed, 06 May 2009 12:06:00 +0000

Raymond James’s notes that non-OPEC oil production apparently peaked in the first quarter of 2007, and given precipitous falls in oil output from Russia to Mexico, there’s not much hope for a recovery. OPEC production—and thus global output—peaked a little later, in the first quarter of 2008, Raymond James says.

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