Oil price of $70-80/bbl expected in 2010
Oil prices are expected to remain between $70 and $80 per barrel (bbl) this year, according to a consensus of industry experts speaking at the IP Week conference in London.
"Oil prices will remain and be sustainable between $70–80/bbl this year," says Khireswar Bora, chief operating officer at oil producing company Mansarovar Energy Colombia, a joint venture between ONGC Videsh, a unit of India's state-owned Oil & Natural Gas Corp. "This is sustainable from both sides for importers and exporters. If the price goes down too much, oil cannot be produced and so we have
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