(EnergyAsia, October 22, Monday) — The Organisation of Petroleum Exporting Countries (OPEC) has issued a statement blaming “market speculators” as world oil prices surged to new highs last week. US crude oil futures hit a record US$90.07 a barrel on FridayThe cartel’s Secretary General Abdalla Salem El-Badri, said it does not favour oil prices at…
MARKETS: OPEC blames speculators for recent escalation in oil prices
Posted on October 21, 2007 by EnergyAsia