Era of cheap oil over, says Kuwait official

"Prices will never go under the $40 per barrel mark," Hani Hussain, Kuwait Petroleum Corp's chief executive, told Gulf News in an interview yesterday.Hussain spoke on the sidelines of the 14th Middle East Oil and Gas Show which opened yesterday in Bahrain. Prime Minister Shaikh Khalifa Bin Salman Al Khalifa welcomed participants. "We know there is huge demand for crude oil. This has pushed prices higher than most of us anticipated," Hussain said. Link