Oil prices are likely to recover this year but will not exceed $50 a barrel, a new report released on Tuesday has predicted. APICORP’s energy outlook report – MENA investment Outlook – Big Plans in uncertain times – estimated a 19 percent increase in energy investment activity over the next five years, representing an increase of $145 billion from the year before, to $900 billion.
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A Saudi man walks on a street past a field of solar panels at the King Abdulaziz city of Sciences and Technology, Al-Oyeynah Research Station. (File photo: Reuters)