Opec President Sees $50 Oil Within Year

摘要

Qatari Oil Minister Mohammed al-Sada, the current president of Opec, said he would not be surprised to see oil prices rebound to above $50 per barrel in a year's time as highcost producers will be forced to further cut back their output. In an interview with CNN broadcast Thursday, al-Sada, who holds the rotating presidency of the producer group, said he thought the production "freeze" currently being pursued by some Opec members and some non-Opec producers would be an effective enough strategy to help hoist prices back to the $50 mark by this time next year.