Oil price of $70-80/bbl expected in 2010

globe-in-oil-drop

"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 to keep this balance."

John Hall, chairman of energy management firm Energyquote, agrees. "Oil

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: