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Petrobras: Oil prices unlikely to hit US$100 per barrel again
Published Wed, Sep 23, 2015 · 09:50 PM
Rio de Janeiro
IT'S unlikely that oil prices will ever return to US$100 a barrel and Petroleo Brasileiro SA needs to work with suppliers to manage the price rout, an executive at the state-run oil producer said on Tuesday.
"We were all surfing the great wave of US$100 a barrel," said Cristina Pinto, the company's executive manager for exploration and production. "It won't get to US$100 again. If it gets to US$70, we'll be happy."
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