(EnergyAsia, December 29 2010, Wednesday) — Oil is expected to surge past the US$100 a barrel barrier sometime next year as analysts and traders worry about a rapid decline in the spare production capacity of the Organisation of Petroleum Exporting Countries (OPEC). Most estimates place the cartel’s production capacity at around five to six million…
MARKETS: Oil expected to surge past US$100 a barrel in 2011 as spare capacity dips
Posted on December 28, 2010 by EnergyAsia