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US$200 oil possible if no investment in new supply, says Opec

Wednesday, January 28, 2015 - 05:50
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Opec's secretary-general says oil prices as high as US$200 a barrel are possible if producers fail to invest in new supply.

London

OPEC's secretary-general says oil prices as high as US$200 a barrel are possible if producers fail to invest in new supply.

"If you don't invest in oil and gas, you will see more than US$200," Abdalla El-Badri said in an interview in London on Monday, without giving a time

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