Oil price debate keys on investment target

摘要

London-The International Energy Agency expects crude oil prices to average $85/bar-rel between now and 2030, as measured in 2007-08 dollars, the agency's head Nobuo Tanaka said October 20. That's a sizeable downward revision from the $100/b the agency forecast a year ago as the average real-term price over the period to 2015, but well above the $60-$70/b that OPEC Secretary General Abdalla el-Badri said was not high enough to encourage the level of investment to guarantee future supply needs.