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Byline: Kamarul Yunus
BRITISH energy company BP plc expects crude oil prices to continue their upward path, with an average price increase of more than US$100 (RM326) per barrel this year.
"Last year, the annual average price increase was US$72 (RM234.72) per barrel and probably it would be higher this year. So far, for this year, the average price increase is anywhere around US$109 (RM355. 34) or US$110 (RM358.6) per barrel," its group chief economist Christof H. Ruhl told reporters after presenting BP's statistical review on World Energy in Kuala Lumpur yesterday.
He said the world has seen six consecutive years of rising oil prices and expects …