/ world today news/ The price of oil will soon begin to rise and may reach 200 dollars per barrel, believes the head of OPEC.
“The current prices of 45-55 dollars per barrel have hit the bottom. I think there is nowhere for oil to get cheaper. Very soon we can see a jump up,” notes OPEC Secretary General Abdal el-Badri.
“Underinvestment in the industry due to current market conditions could provoke energy shortages in the future. If that happens, there will be a spike in prices. In three to four years, there could be a shortage of oil and then prices will hit the ceiling, possibly reaching up to $200 per barrel”.
“The policy of OPEC in the short term remains unchanged. We do not plan to cut oil production quotas. The death of the king of Saudi Arabia will also not have an impact – neither on prices nor on the policy of OPEC. Saudi Arabia is a stable country with a stable government and I think “that everything will be normal”.
A day earlier, El Badri said that oil will not fall to 20-25 dollars per barrel. Then the head of OPEC also warned that due to the lack of investments in the future there may be a shortage, because of which the price of black will therefore jump. El Badri, however, named the figure 100 dollars per barrel, which a day later was already 200.
Goldman Sachs forecasts for the next 3 months a price of 41 dollars per barrel for US light oil type WTI and 42 dollars per barrel for North Sea crude oil type Brent. Only a month or two ago, the bank predicted 70 dollars per barrel WTI and 80 dollars per barrel Vrent. For 2016, Goldman Sachs expects a slight increase in prices.
Vienna / Austria
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