06.03.2009 - Oil prices could go up to $70 if Opec executes cuts
From Zawya.com: Opec could push up sagging oil prices to about $70 (Dh257) a barrel in 2010 but it must comply with agreed production cuts, a prominent Arab oil analyst said. Nicolas Sarkis, Director of Paris-based Arab Petroleum Research Centre (APRC), said he believed the 12-nation Opec is serious about its bid to curb supplies to prop up prices that have crashed by more than $100 in a few months because of the global financial turmoil..... Full Article: Source
Print