Total CEO sees oil staying at low levels in H1 2015 -French TV
The price of oil will likely remain at a low level throughout the first half of this year, the chief executive of French oil major Total told France 2 television in an interview at the Davos World Economic Forum on Wednesday.
"After that, we'll see, it depends on lots of factors. Notably, how will a certain number of major producer countries behave.
"But, if it lasts, it is indeed good for the economy ... If it lasts, that means demand for oil products will rise, so at some point, the price of oil will rise again."
The price of oil has dropped 60 percent since June and U.S. crude is now trading just below $47 a barrel .
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- January 21, 2015
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