BMW CEO sees oil price settling at over $50/bbl

Newswire

SYDNEY, Aug 31 (Reuters) - World oil prices could settle around $50 a barrel-plus, but were unlikely to bring forward plans for vehicles powered by new fuels because of a lack of infrastructure, BMW Chief Executive Helmut Panke said. "We will have to be prepared to live with oil prices that will be significantly higher than anyone would have thought at the same time last year," Panke told a briefing in Sydney. "Something in the $50s is going to be a level we are going to have to live ...

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