je.st
news
World Largest Energy Trader Sees Decade of Low Oil Prices
2016-02-07 23:46:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Oil prices will stay low for as long as 10 years as Chinese economic growth slows and the U.S. shale industry acts as a cap on any rally, according to the worlds largest independent oil-trading house. "Its hard to see a dramatic price increase," Vitol Group BV Chief Executive Officer Ian Taylor told Bloomberg in an interview, saying prices were likely to bounce around a band with a mid-point of $50 a barrel for the next decade. "We really do imagine a band, and that band would probably naturally...
Tags: world
low
prices
energy
Category:Electronics and Electrical