Having effortlessly transitioned into acting, Fouzia's debut film swiftly captured global acclaim, earning accolades at the prestigious Cannes Film Festival
The price of benchmark Dubai crude, which makes up the bulk of South Korea's oil imports, could reach $107 per barrel from july through December. It added the average price for 2008 could hover at around $105. The amount is a sharp increase from an average $68.43 per barrel for all of last year, but lower than the $126.29 reported for the first 20 days of this month and average $119.50 in May.
The KEEI said it based its predictions on the likelihood that the world economy may experience a slowdown in the coming months, caused in part by weaker US economic growth and cutbacks in fuel subsidies among many southeast asian countries.It also said new oil fields that will start full-scale commercial production in the United States, Sudan and Brazil should increase daily output by around one million barrels.
In addition, the think tanks said a stabilisation of the exchange rate could help keep crude oil prices down. Experts have claimed the weakness of the greenback contributed to higher fuel crude prices because oil exporters tended to raise prices to make up for a drop in the buying power of the dollar.
The energy research institute, however, said unforeseen developments like political unrest in the middle east and other oil-producing regions along with natural disasters could hike prices.
It said in the worst case scenario, average prices for the second half may hit $140 per barrel with the price for the entire year averaging $121.—
Having effortlessly transitioned into acting, Fouzia's debut film swiftly captured global acclaim, earning accolades at the prestigious Cannes Film Festival
Parag, who reached his 50 off 34 balls, cracked 25 runs with three fours and two sixes off the final over bowled by star South Africa paceman Anrich Nortje
Fans were left scratching their heads when Mumbai opted to take Bumrah out of the attack after he bowled the fourth over
With the help of modern equipment, manicured golf courses and elite athletes the scores are getting lower and the game becoming even more captivating
With 10 matches remaining Arsenal lead a three-way title race having won eight successive games
Three separate Israeli strikes on Wednesday, including on a health centre in the border village of Habariyeh, killed 11 civilians
Netanyahu tries to soothe a rift with Biden as he plans to send a government delegation to Washington after earlier cancelling the trip
Among the 24 horses Japan has sent to Dubai is impressive Riyadh Dirt Sprint winner Remake who eyes a Middle East double