SYDNEY, 11 April 2005 — OPEC may bring its target price for oil closer to $50 a barrel, the organization’s acting Secretary-General Dr. Adnan Shihab-Eldin said yesterday. The Organization of Petroleum Exporting Countries earlier this year abandoned a target band of between $22 and $28 for crude as unrealistic. “There is a minimum that on the one hand can meet the needs for additional investments and also steady revenues that, on the upper side, it has to be acceptable to global economic growth and maybe $50 seems to be in that direction,” Shihab-Eldin told ABC television.