MOSCOW, March 16 (RIA Novosti) - Oil prices will stabilize at $50-60 per barrel in the near future, a senior OPEC official said Thursday.
"In my opinion, oil prices will in the next several years stabilize at the level of $50-60," Adnan Shihab-Eldin told journalists on the sidelines of a meeting of G8 energy ministers in Moscow. "Recent growth is unlikely to repeat."
Eldin said that if the Organization of the Petroleum Exporting Countries managed to stabilize oil prices it would make forecasting easier in future.
