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ISSUES....
Inside, confidential, off the record

Sky the limit ?

After OPEC's Khelil said on Tuesday that high oil prices here to stay it seem sthat it is no limit to the price. "High prices are here...to stay. No one can say if it will be
$100/barrel, $110/b or above," Khelil told an industry conference in London.
reasons? here Khelil explanation: "The level of prices as far as OPEC is concerned are not necessarily due to a lack of supply or stocks, they are at a reasonable level compared to the past," Khelil said. "The major concern is the economic crisis in the US and the downfall of
the dollar," he said.

Petroleumworld News 04/09/08

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