Crude prices have declined about 40% from a June peak amid overproduction and sluggish growth in consumption.
Oil to stay near US$ 65 for 6 months, says KPC
www.kinibiz.com
Oil prices will stay at about US$ 65 (RM226.78) a barrel for at least half a year until the Organisation of the Petroleum Exporting Countries (Opec) changes its collective production or world economic growth revives, said the head of state-run Kuwait Petroleum Corp (KPC).
