London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

Petrobras CEO pegs 2012 oil price at USD100/bbl, says high levels won't last

March 13/2012

(hydrocarbonprocessing) -- The recent rise in global oil prices to as high as USD123/bbl represented a "peak" and does not change Brazil's forecast for average prices in 2012 of USD100/bbl, said Petrobras' CEO. According to Petrobras economists, oil prices could fall even lower "in the next few years," reaching USD80 or USD90/bbl.

The recent rise in global oil prices to as high as USD123/bbl represented a "peak" and does not change Brazil's forecast for average prices in 2012 of USD100/bbl, Maria das Gracas Foster, chief executive of state-run energy company Petrobras.

"We don't believe that this recent high level of oil prices is going to hold," she told the Globo television network. "The trend is for prices to fall as geopolitical pressures in oil-producing countries diminish through the course of the year."


She said that, according to Petrobras economists, oil prices could fall even lower "in the next few years," reaching USD80 or USD90 a barrel.

Foster denied any plans by Petrobras to raise domestic fuel prices, saying the company "operates on the basis of long-term trends."


mrcplast.com
Author:Anna Larionova
Tags:naphta, oil.
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe