Opec chief warns oil could hit $200 a barrel

  • Opec chief warns oil could hit $200 a barrel

    Opec chief warns oil could hit $200 a barrel

    Tuesday, 29th April 2008
    Opec's president warned oil prices could hit $200 a barrel and there would be little the cartel could do to help. The comments made by Chakib Khelil, Algeria's energy minister, came as oil prices hit a historic peak close to $120 a barrel, putting further pressure on global economies.