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Some Opec members moot US$80 as new 'fair' oil price

But analysts are cautious as Saudi Arabia has not indicated that it subscribes to the price view
Friday, June 5, 2015 - 05:50
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Adil Abd al-Mahdi, Iraq's oil minister, gestures as he speaks during the 6th OPEC International Seminar "Petroleum: An engine for Global Development" in Vienna, Austria, on Wednesday, June 3, 2015.

Vienna

NEARLY a year after oil markets entered a deep downward spiral, unmoored from the US$100-a-barrel mark that had anchored them for years, some members of the Organization of the Petroleum Exporting Countries (Opec) are publicly talking for the first time about a new "fair" price for