Boom in Asia Means Oil Price Will Continue to Rise above $100 a Barrel
UK gas prices rose by more than 30% as Russia invaded while oil prices rose above $100 a barrel for the first time since 2014. Energy bills are already rising in the UK and across Europe and if less gas is available, that could push prices up even further. Read m...
Oil prices have higher to go, and they will stay there for an extended period of time, says the chief executive of Vitol, Russell Hardy. “The 100 million-barrel number is probably going to be exceeded this year,” Hardy told Bloomberg, adding, “Demand is going to surge in the second...
However, in 2021, with the beginning of mass vaccination and the passage of the peak of oil production in the United States, oil prices may rise to $60 per barrel, they note. Growing on positive news The decision of the OPEC+ countries to mildly increase oil production from January was g...
The increased hostilities between India and Pakistan would have risked placing upwards pressure on oil prices. But analysts say a $1 a barrel increase to $62 reflects threats of US production cuts and increased demand in both China and Europe. ...
Moreover, our projections show relatively little sensitivity to variables such as the price of oil. Our base case assumes that oil will remain at the $60-a-barrel level. If it were to jump to $90 (and stay there), we project that traditional ICEs in the US would lose an additional 4...
IHS' forecast also expects the spot price of global crude benchmark Brent to reach an average above $67 a barrel between June and the end of this year. On Monday, the spot market price for Brent in London was $65.81 a barrel.
The only thing that can stop it happening would be a short term decrease in oil prices below $100 a barrel. SthPacific on June 12, 2008 - 3:40pm Permalink | Comments top Thanks again Big Gav, there are some interesting comments here, but what I think its missing scenario 5; that ...
This is a Guest Post By “Political Economist” In this informal paper, I conduct Hubbert Linearization exercises on the world’s 11 topoil producers as well as the rest of the world. The results are used to project the world oilproduction in the future. The evidence presented in this ...
Tariffs Force Honda to Build All CR-Vs in the U.S. Rezvani Built an Apocalypse-Ready Lamborghini Urus New GM Product Boss Is a Self-Driving Specialist New GM Battery Cells Could Lower Future EV Prices Toyota bZ Gets New Name, NACS Port, and More Range ...