MADRID (Thomson Financial) - The president of Opec, Chakib Khelil, said Tuesday the oil cartel was concerned that future demand for oil might not be strong enough to justify investment to boost oil production. 'The concern we have is about the ...

OPEC president Chakib Khelil has warned that the cartel had done all it can to lower oil prices and therefore the cost of a barrel of oil is likely to remain at current record levels. However, his views remain controversial with many - including ...

The president of Opec, the cartel of oil-producing countries, has warned that the price of crude could hit $200 a barrel, sparking fears that rising fuel costs will force more businesses into bankruptcy. Chakib Khelil, the Algerian energy minister ...