Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Tuesday, May 12, 2015

OPEC: Oil Prices to Stay Below $100 for Next Decade

OPEC: Oil Prices to Stay Below $100 for Next Decade

By Katy Barnato | CNBC
A close-up on a screen shows the last si
Oil prices will remain below the psychologically important $100-a-barrel mark until at least 2025, according to a draft report by the Organization of the Petroleum Exporting Countries (OPEC), seen byThe Wall Street Journal. In its most optimistic scenario, OPEC, which represents 12 oil-producing countries, forecast that oil will sell for around $76 per barrel in

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