| 30.09.2010 - Oil may exceed $80 if global growth 3-3.5pct - IEA |
| From Arabianbusiness.com: Oil may rise above $80 a barrel if global growth is 3-3.5 percent, though sharp rises are not expected this year or next due to excess capacity, the chief economist of the International Energy Agency (IEA) said on Wednesday. Fatih Birol also said in an interview with Reuters that the fact that oil is between $70-80 despite a weak global economy and low capacity usage shows the period for cheap oil is over..............................................Full Article: Source |