US$200 oil possible if no investment in new supply, says Opec
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 frame. West Texas Intermediate, the US crude benchmark, erased a decline of as much as 2.7 per cent following his comments.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
