OPEC: India And China Will Keep Oil High
OPEC would still like its critics to believe that the level of its supply of oil to the world has nothing to do with crude prices. OPEC President Chakib Khelil still blames the dollar and speculation in the futures market.…
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OPEC would still like its critics to believe that the level of its supply of oil to the world has nothing to do with crude prices. OPEC President Chakib Khelil still blames the dollar and speculation in the futures market.
According to Reuters, Kheilil also believes that "expectations that global oil supplies will not cope in the long term with strong demand growth from newly industrializing China and India" will keep prices moving higher.
It does not look like OPEC wants to involve itself in an experiment to see whether supply matters.
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