Scottish oil heading for $60 per barrel with further increases inevitable

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John Robertson
Scottish oil heading for per barrel with further increases inevitable

(c) businessforscotland.com On May 30th, 2017, I wrote: According to Yasushi Kimura, president of the Petroleum Association of Japan, and chairman of petroleum conglomerate JXTG Holdings: ‘In 2017, global demand is likely to exceed supply … and crude prices are likely to … rise toward $60 by the end of the year.’ https://www.oilandgaspeople.com/news/14313/opec-oil-cut-extension-renews-asias-crude-supply-worries/ See this: Kimura looks like being correct as Brent prices are holding at $59 per barrel and it’s only September. This may turn out to be a…

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John Robertson
Scottish oil heading for per barrel with further increases inevitable