Oil prices could hit $100 a barrel by 2019, warn merchants

In:

Oil & gas

Region:

Middle East & Africa, Americas, Asia-Pacific, Europe

Oil prices could rise towards $100 (£76) per barrel by 2019 as US sanctions against Iran tighten markets, commodity merchants Trafigura and Mercuria said at the annual Asia Pacific Petroleum Conference (APPEC) in Singapore. Almost 2 million barrels per day of crude could be taken out of the...

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