Oil prices should remain at the 50-55/bbl level over this year and possibly part of 2008,interspersed with periods of tension,and thereafter continue to rise on the back of strong demand,eon-strained supply,and continuing refining tensions,reported Institut Francais du Petrole (IFP) in its 2007 Panorama presented in Paris last month.The tentative economic outlook also indicated that gas markets would likely suffer from interenergy competition,driven by high prices.
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