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Ambani-- Refiners Must Prepare for $1...

Chalanachithram.com DB » Archives » Archive through May 16, 2010 » Ambani-- Refiners Must Prepare for $100 or more Oil as norm « Previous Next »
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Ashton
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Username: Ashton

Post Number: 3892
Registered: 05-2008
Posted From: 66.90.104.94

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Posted on Friday, May 14, 2010 - 10:37 am:       

There is a speculation of $10 bucks a gallon is what I read right after the rig disaster.
 

Ashton
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Username: Ashton

Post Number: 3891
Registered: 05-2008
Posted From: 66.90.104.94

Rating: N/A
Votes: 0 (Vote!)

Posted on Friday, May 14, 2010 - 10:33 am:       

May 14 (Bloomberg) -- Refiners must be ready for oil prices to rebound to more than $100 a barrel on growing consumption in Asia, said Mukesh Ambani, Asia’s richest man.

“We have to again be actively prepared to see a three- digit oil price” amid sluggish refining growth and higher marginal cost of production at new fields, Ambani, chairman of Reliance Industries Ltd., said in a speech at a conference in Mumbai today.


more @ http://www.bloomberg.com/apps/news?pid=20601087&sid=aPQRi6Xw G7q4&pos=7

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