24.03.2022, 14:16
FT: Traders Warn of a Possible Rise in Oil Prices to More Than $200 Per Barrel
Source: OREANDA-NEWS
OREANDA-NEWS. In 2022, oil prices may rise above $200 per barrel. This is reported by the Financial Times, referring to statements by world oil traders.
“Oil prices will rise to $200-$250 per barrel this year. This will not be temporary and will be a shock to the entire crude oil supply market,” said Doug King, head of the RCMA Commodity Trading Fund.
The publication states that the reason for such an increase in prices for raw materials is the constant introduction of new anti-Russian sanctions and the absence of any other sources of oil supplies.
According to one of the most famous hedge fund managers in the oil sector, Pierre Andouran, in the coming months, the economy will not be able to recover, and doing business will be difficult. In addition, Europe risks forever losing oil supplies from Russia.
On March 22, Igor Yushkov, an expert at the Financial University under the Government of the Russian Federation and the National Energy Security Fund, said that the accident that occurred at the marine terminal of the Caspian Pipeline Consortium due to strong winds and high waves would aggravate the already existing oil shortage on the world market. This may lead to an increase in oil prices up to $140-150 per barrel.
“Oil prices will rise to $200-$250 per barrel this year. This will not be temporary and will be a shock to the entire crude oil supply market,” said Doug King, head of the RCMA Commodity Trading Fund.
The publication states that the reason for such an increase in prices for raw materials is the constant introduction of new anti-Russian sanctions and the absence of any other sources of oil supplies.
According to one of the most famous hedge fund managers in the oil sector, Pierre Andouran, in the coming months, the economy will not be able to recover, and doing business will be difficult. In addition, Europe risks forever losing oil supplies from Russia.
On March 22, Igor Yushkov, an expert at the Financial University under the Government of the Russian Federation and the National Energy Security Fund, said that the accident that occurred at the marine terminal of the Caspian Pipeline Consortium due to strong winds and high waves would aggravate the already existing oil shortage on the world market. This may lead to an increase in oil prices up to $140-150 per barrel.
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