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DNB expects significantly lower oil price in 2014

DNB Markets expects a significant decline in the price of oil in 2014, according to a new report by the major Norwegian bank. Increasing oil supplies from non-OPEC countries, in particular, could push down the price.

Photo: Casper Dalhoff

In a new report about the 2014 oil market DNB points to good news for shipowners tired of towering fuel prices. The analysts expect a significantly lower average oil price in 2014 than in 2013.

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