Bahrain Air expects $75-$85 oil price in 2009

04 November 2008

Bahrain Air has set its 2009 budget based on expectations that oil prices will average between $75-$85 for the year. Speaking at the Low Cost Airlines World 2008 Conference, Ibrahim Al Hamar, Managing Director of Bahrain Air, said that oil price fluxuations will be less severe over the next few years because speculators 'are out of the market'.

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