It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Oil Prices Could Hit 80 Dollars in Next Two Years: OPEC
Agence France Presse
Thursday 03 March 2005
Kuwait City - Prices of crude oil could surge to as high as 80 dollars a barrel within the next two years but such a level would not last long, OPEC's acting secretary general was quoted as saying.
"I can affirm that the price of a barrel of crude oil rising to 80 dollars in the near future is a weak possibility," Adnan Shehab-Eldin told Kuwait's Al-Qabas newspaper.
"But I cannot rule out (the possibility) of oil prices rising to 80 dollars a barrel within the next two years," he said on Thursday.