03.11.2011 - OPEC Chief: Oil price to stand above $100 this year
Secretary-General of the Organization of Petroleum Exporting Countries (OPEC) Abdullah al-Badri said that he doesn't expect an oil price lower than $100 per barrel by the end of this year. "The crude price is not expected to come down until the end of this year," Badri told reporters on the sidelines of the 15th International Conference on Technology and Innovation in Oil and Gas Industry here in Tehran, adding that the price of $100 is "comfortable" for the consumer and the producing countries...............................................Full Article: Source
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