Oil could be headed back to US$100 a barrel this year: Industry experts

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OPEC’s announced cut of more than a million barrels per day could easily tilt oil prices into $100-per-barrel territory within a few months

“That’s certainly a possibility, by the end of this year and into the next year,” Wells said in an interview. “It’s definitely on the table again.”

“It depends on how long you’ve been doing this, how many cycles have you seen, how much scar tissue you have,” said Ian Dundas, president of Enerplus Corp., on Tuesday. Wright said he believes the war in Ukraine and its affect on global energy supply show that global investment in oil and gas has not grown at the rate it needs to.

 

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🤣🤣🤣🤣 Think big, $200.00

The hypocrisy and illogical virtue signalling of the 'progressives' is evident as they demand Canada and the US cut oil production and then get upset when the Saudis do just that.

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