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

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 92%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

🤣🤣🤣🤣 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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Oil prices could hit US$100 a barrel this year, industry experts say - National | Globalnews.caA surprise production cut of more than a million barrels per day unexpectedly announced by OPEC+ on Sunday sent oil futures surging. Giddie up!
Source: GlobalNational - 🏆 81. / 51 Read more »

Opinion: In Houston, oil executives survey a changing industry and a brave new worldThe planet’s largest energy conference wrapped up this month in Houston with much uncertainty and optimism in the air
Source: globeandmail - 🏆 5. / 92 Read more »

Opinion: Want fewer industrial emissions? Subsidize industry lessIf the government subsidizes greenhouse gas emissions, they will increase. Read more. fpcomment Chomsky said a similar thing about US foreign policy under the second Bush administration: 'If you want to stop terrorism, first stop participating in it.' fpcomment Want higher utility bills, same advice fpcomment but what if you want more industry?
Source: nationalpost - 🏆 10. / 80 Read more »

Champagne's threat: Can the industry minister really force big telcos to lower phone bills?Ottawa warned after okaying the merger of Rogers and Shaw that it would get tough with telcos if cellphone bills don\u0027t get cheaper. Read on. No. This is posturing. They need to fill their election war chests - because Canada is pissed off and the next election is going to be ugly. Well sure it's only fair he gives them monopoly power and untold wealth, they solemnly agree to do Whatever He Says. ConnardDirigiste Its only real Champagne if it comes from the douchebag region of France.
Source: nationalpost - 🏆 10. / 80 Read more »