Why Oil Prices Will Continue To Remain High

Even as hopes arise of a quick resumption of Libyan oil, a whole host of new supply-side worries will ensure that crude production remains tight. The resumption of Libyan oil will not dent oil prices as supply constraints continue to add up. READ MORE HERE

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Saudi and Opec breakeven oil prices are rising at worrying levels Saudi Arabia needs oil prices to remain at $83 to $ 88 a barrel to breakeven - almost double of what it was three years ago. Rising breakeven prices...
High-Spending Gulf In Dilemma As Opec Loses Relevance With Opec seemingly irrelevant, the GCC is trying to find a balance between responsible crude suppliers and their own domestic needs...
Oil Analysts’ Predictions For Crude Prices In Medium-Term Every analyst has their spreadsheet out and there are plenty of predictions out there as far as oil prices are concerned. But will we see crude scaling the $147 Everest...
Global Recovery May Slip On High Oil, But Boost Saudi Economy: IMF Oil prices will rise 36% in 2011, denting global economic recovery, warns the IMF. But that also means Saudi’s GDP will rise 7.5% - one of the highest among G20...
$1-Trillion Of Oil Revenues May Be Looking To Buy Assets Next Year: MS Goldmans Sachs one of the most accurate forecasters of oil prices, expects a correction soon. On the flip side, Morgan Stanley says high oil prices means $1-trillion of oil profits...

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