Oil prices unlikely to return to highs

THE oil price is unlikely to reach again the record levels seen in the past few years, according to Saudi Arabia’s representative at Organization of the Petroleum Exporting Countries (OPEC). Mohammed al-Madi, Saudi’s Opec governor, told an energy conference that hitting the $US100 ($F207) to $US120-a-barrel ($F248) mark again would be “difficult”. Mr Madi also […]

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