(EnergyAsia, October 3) — Standard Chartered Bank believes the price of oil will fall back to around US$40 a barrel next year as oil supply-demand “dynamics” start to correct downwards. In a recent commentary, economist Steve Brice said the burden is on geopolitical concerns to keep oil prices high. “This means that the…
MARKETS: Standard Chartered Bank sees oil prices weakening next year
Posted on October 3, 2006 by EnergyAsia