Oil Price Outlook

February 2009
Turkey Oil & Gas Report;Q1 2009, p13
Industry Profile
The article presents a price forecast of the oil and gas industry worldwide. In August 2008, the Organization of Petroleum Exporting Countries (OPEC) basket price averaged at US$112.41 per barrel (bbl), manifesting a decline of 14% compared to that of the July 2008 level while in September 2008, it further decreased to $97.16/ bbl.


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