Erste Sees Oil Price Peaking At $150/Barrel

News » March, 2011 » 10 March 2011

10.03.2011, 16:42 | Energy | 864 views

The price of crude oil is not yet fully representative of the Middle East turmoil, so it will keep rising to some $150 per barrel, before falling down in the seond half, according to Erste group analysts.

Thus, the average Brent oil price in 2011 should be around $124 per barrel, Erste said Thursday in a report.

"The greatest factor of insecurity is the political developments in a number of Arab states. At present, this is by no means fully priced in yet. I do not expect the situation to calm any time soon," said Ronald Stoferle, commodities analyst at Erste Group.

Read more on Mediafax.ro

Latest news in category Energy

16.01.2015, ora 11:03 | 1196 vizualizări

President Iohannis: Romania to seek new ways to energy independence, insist on Schengen membership

President Klaus Iohannis answered a media question about the South Stream gas pipeline on Thursday by saying Romania will seek new opportunities for consolidating its energy independence and for connecting to the European energy systems. read more...

24.10.2014, ora 09:03 | 993 vizualizări

Ponta: By 2019, we should have enough gas for Romania and the Republic of Moldova

Prime Minister Victor Ponta in Medias on Thursday, after having paid a visit to Transgaz and Romgaz, said that if the gas exploitation began in the Black Sea, by 2019, there should be enough gas for Romania and the Republic of Moldova. read more...

14.10.2014, ora 09:11 | 1047 vizualizări

Russian gas flow ticker: Supplies to Romania further 9.2 pct below normal

Russian gas supplies to Romania this Monday were 9.2 percent below normal (and so where Sunday’s shipments) although initially Gazprom had announced a 10.6 percent cut for the day, representatives of the Energy Department told. read more...

more news in category Energy...

Subscribe to newsletter
Name:
E-mail:
News:	Yes No
Exchange Rates:	Yes No