Wednesday, March 17, 2010

Weaker Economy May Not Support $80 Oil Says Sieminski

March 18 (Bloomberg) -- Adam Sieminski, chief energy economist at Deutsche Bank AG in Washington, talks with Bloomberg's Susan Li and Paul Gordon about the outlook for oil prices, and Organization of Petroleum Exporting Countries' production. OPEC, content with oil prices exceeding $80 a barrel, decided for the fifth time since 2008 to keep its production limits unchanged amid signs that a worldwide glut of crude is disappearing along with the recession. (Source: Bloomberg)