03.08.2011 - Oil prices to keep rising
Consumers should expect more fuel price hikes given global oil supply issues and growing demand, experts yesterday said, warning that the government’s response of pushing alternative sources came with challenges. "The possibility for price correction is certainly low this year. The release of oil by the International Energy Agency (IEA) is not causing much of an impact," said Jorge Montepeque, global director for market reporting at energy information provider Platts, at a forum in Manila..............................................Full Article: Source
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