Iran expects oil demand and price to rise in H2

21 February 2010

An increase in oil demand in the second half of 2010 will cause a rise in oil prices, Iran's OPEC governor, Mohammad Ali Khatibi, was quoted as saying in daily paper Mardomsalari. 'Based on projections, the global demand for oil in the second half of 2010 will increase on average by 1-1.4 million bpd, and this will push up oil prices,' he said.

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