SUBSCRIBERS
Oil prices 'bound to rise to help oil producers manage reserves'
Published Tue, Dec 2, 2014 · 09:50 PM
Singapore
CURRENT oil prices are unsustainable for many key oil-producing countries for the long term and therefore they are bound to rise to help these economies manage their reserves.
John Westwood, group chairman of Douglas-Westwood, told The Business Times that a sustainable global oil price is a function of many things, including producer governments' national budgets.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Saudi Arabia posts budget deficit of US$3.3 billion in first quarter
Saudi Arabia hikes oil selling prices for all grades to Asia
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
ExxonMobil to take 18 to 24 months to hit full stride with Pioneer purchase
Oil settles down on US jobs data, steepest weekly loss in three months
Glencore Group nears deal for Shell’s Singapore oil refinery