Kuala Lumpur-Crude oil prices are expected to drift lower and stabilize at around $80/bar- rel by 2015-2016, although in the near term prices are expected to stay around $100/b, several oil industry analysts said Monday. "The house of oil has a $120/b ceiling and a $80/b floor. We have been staying at the high end for many, many years and now we are slid- ing towards the floor," Fereidun Fesharaki, chair- man of Facts Global Energy, said at the Asia Oil & Gas Conference in Kuala Lumpur on Monday.
展开▼