29.03.2010 - Oil range of $70-80 possible for 10 yrs - OPEC paper
From Reuters: Oil prices could stay in the $70-80 range over the next decade, according to a report by OPEC released ahead of a major oil conference this week which reiterated demand forecasts made last year. In a paper written ahead of the International Energy Forum this week, OPEC said the price assumption is based on the perception of marginal supply costs over the medium to long term and stressed that it did not reflect or imply "any projection of whether such a price path is likely or desirable.....................................Full Article: Source
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