OPEC Secretary-General said Tuesday, oil prices early next year could reach USD 80-90 per barrel, but a significant supply of oil unless the excess has been digested, or OPEC will not increase.
OPEC Secretary-General Abdullah al-Badri in the Reuters Global Energy Summit, said oil prices may rise to 80-90 in the U.S. early in 2010, and will not fall; the end of this year is expected to reach 75 U.S. dollars, and if the demand is not as they are now weak, but picked up from month to month U.S. Dollar ,80-85 are also possible. Last week, Saudi Oil Minister said that later this year may reach 75 U.S. dollars in oil prices, but will not hurt just to show signs of recovery in the global economy, since OPEC officials continue to preach loud expectations of rising oil prices.
Source: www.in-en.com Jun. 7, 2009
