Oil prices are unlikely to decrease in the near term, French oil major
Total SA's chief executive Christophe de Margerie said Wednesday.
De Margerie was speaking on the fringes of the inauguration
of a new production line of Photovoltech, a photovoltaic cell
production company owned by Total, Suez and the
Interuniversity Microelectronics Center.
Crude oil prices in Asia rose to a record above $99 a barrel
Wednesday, lifted by worries about inadequate supplies as the northern
hemisphere enters winter and on news of refinery problems.