Analyst Arjun Murti on FT.com writes, crude oil prices could surge to $200 a barrel in the next two years, according to the Goldman Sachs analyst who three years ago correctly predicted a price “super-spike” above $100 a barrel.
The warning by Arjun Murti came as oil prices hit a fresh high above $122 a barrel, boosted by supply disruptions in Nigeria, lower output in Russia and continued robust demand in China ahead of the Olympics.
Mr Murti said the energy crisis could be coming to a head as a lack of adequate supply growth was becoming apparent.
He said: “The possibility of $150-$200 per barrel seems increasingly likely over the next six to 24 months.”
Link: FT.com
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