OPEC Official Muses About $200 Oil, Says Supply Is The Issue – ValueWalk Premium
Saudi Arabia Crude Oil Zach Schreiber

OPEC Official Muses About $200 Oil, Says Supply Is The Issue

Watch out for $200 per barrel oil, warns Abdalla El-Badri, OPEC secretary-general.

The former Libyan oil minister, whose country’s oil production and rule of law have both broken down, says that oil could jump to $200 per barrel as low oil prices sweat out other producers and will likely create a supply issue. If you don’t invest in oil and gas, you will see more than US$200,” Abdalla El-Badri said in an interview in London on Monday.

Although he did not provide . . .

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