Browse
related articles
IEA economist says oil prices may hit $150 in a few years
- Middle East: Sunday, December 11 - 2011 at 09:07
Fatih Birol, the International Energy Agency's chief economist has said if new production is not brought on stream, oil prices could reach $150 a barrel within a few years, Reuters has reported. He said that major Middle East and North African producers would be the overwhelming sources of new supply, but that there were signs that governments were diverting investment away from oil. "So if the investment doesn't come through as much as we expect to see, this may give an additional boost to prices, and according to our analysis, we may see $150 (per barrel) around 2015," Birol said.
Related Content
Article Options
StaffSunday, December 11 - 2011 at 09:07 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by Mediaquest FZ LLC and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
Mediaquest FZ LLC can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of Mediaquest FZ LLC.
In no event shall Mediaquest FZ LLC be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
