OPEC’s El-Badri: $200 Oil Possible If There's Lack of Investment | Forex Factory

  • OPEC’s El-Badri: $200 Oil Possible If There's Lack of Investment

    From bloomberg.com

    OPEC’s secretary-general said oil prices as high as $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 $200,” Abdalla El-Badri said in an interview in London on Monday, without giving a timeframe. West Texas Intermediate, the U.S. crude benchmark, erased a decline of as much as 2.7 percent following his comments. Crude prices tumbled 46 percent last year as Saudi Arabia and other members of the Organization of Petroleum Exporting Countries said they wouldn’t curb output in response to a supply glut caused in part by surging U.S. ... (full story)

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Tony112
Jan 27, 2015 12:59am
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AHAHAHAHAHAHA yesteday they were talking about 20$, today 200$. Go dance with the devils hahahaha.
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teod00r
Jan 27, 2015 1:38am
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same situation in Poland. 700k of people take home loans when chf/pln was 2,3pln. now it's 4,2. but who takes loans in the currency in which does not make money.
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acidguy
Jan 27, 2015 1:11am
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speculation will play a 50% with Oil Price, look like long term target is $30 but right now the re should be some pullback to $60 area.
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Alexeii
Jan 27, 2015 1:45am
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Quoting teod00r
same situation in Poland. 700k of people take home loans when chf/pln was 2,3pln. now it's 4,2. but who takes loans in the currency in which does not make money.
This crap with the loans in CHF was a big hit in Bulgaria as well. People got loans, now they have to return double the amount. It's like the banks work synchronized in every European country. And they were offering loans only in CHF not in our own currency WTF!
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Alexeii
Jan 27, 2015 12:47am
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What about 500$ or 10 000...I think is better!
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