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CEO Clark sees oil peak at $140
- United Arab Emirates: Tuesday, June 03 - 2008 at 14:09
Emirates Airlines President Tim Clark said he expects oil to reach a high of $140 this year before leveling off, reported Reuters. Adding that he does not share the '$200 view', Clark said that once oil reaches $140, it will go back down again because there will be 'some rationalisation in the industry'.
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Jeff Florian, Senior ReporterTuesday, June 03 - 2008 at 14:09 UAE local time (GMT+4)
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