Consumers, producers agree oil projects at risk

No sooner has the world recovered from a deep economic downturn than it could face a set-back from surging oil prices, energy leaders warned on Wednesday, citing a sharp drop in investment in the sector.
Representatives of consumers, producers, national and international oil companies agreed at an OPEC seminar that a weaker oil price had meant delayed or cancelled projects.

“OPEC has about 150 projects. 35 are delayed,” OPEC Secretary-General Abdullah al-Badri told delegates gathered in the former Austrian imperial palace.
Guardiian