An official in French giant company Total said that company expects oil prices range for this year by 40 to 45 $ a barrel and will raise to 60 $ next year.

Jan Jack Mosconi deputy chairman for strategic affairs of Total said that the company expect big raising in oil prices to 80 $ in 2011.

On the other hand, Chakeeb Khalil Algerian energy minister said that markets expect another cut from OPEC for oil and the oil prices will drop unless the organization cut its production.

He added that the harmony inside OPEC go toward creating stabilization of markets to reach to 75$ a barrel which in interest for both consumers and producers.