(EnergyAsia, April 20 2011, Wednesday) — Having breached US$100 a barrel since late January, world oil prices are likely to remain high on account of production constraints and strong demand growth in emerging markets, particularly China, said the International Monetary Fund (IMF).In an analysis released as part of its World Economic Outlook (WEO), the IMF…
MARKETS: IMF expects oil prices to remain high on rising scarcity, declining surplus from mature fields
Posted on April 20, 2011 by EnergyAsia