Oil prices will remain near current levels at the end of this year, Opec Secretary-General Abdalla el-Badri said in an interview in Dubai today.
"By the end of this year the oil price will be the same" as it is now, he said in a Bloomberg Television interview.
The Organisation of Petroleum Exporting Countries is scheduled to hold its next policy-setting meeting of oil ministers on December 14 in Vienna. Brent crude for November settlement was trading at $111.61 a barrel at 10:31 am in London.
