(EnergyAsia, October 3 2011, Monday) — Oil prices will likely rise another 15-20% over the next 12 months on the back of continued strong demand growth in the emerging economies, said Allison Nathan, managing director for commodities research at Goldman Sachs. Brent is seen rising to US$130 a barrel from recent levels of US$100-$110 while…
MARKETS: Goldman Sachs remains bullish on oil and coal, sees Brent rising to US$130 in 12 months
Posted on October 3, 2011 by EnergyAsia