(EnergyAsia, April 1 2011, Friday) — Oil producing countries are getting so used to the US$100/barrel price now that they are setting their sights on making US$120 the new normal. With inflation of food, fuel and essentials a permanent scourge on their national budgets, oil producers realise US$100 oil has lost its shock value, and…
MARKETS: Oil’s new normal raised to $120/barrel on continued Mideast crisis, Japan meltdown
Posted on April 1, 2011 by EnergyAsia