Will the oil price go up to $100 a barrel again?

Oil prices will rise to $100 per barrel if Saudi Arabia gets its way. Only a week ago, news surfaced that Saudi officials were quietly hoping to push oil prices up to $80 per barrel, which would help boost the valuation of Saudi Aramco IPO. But why not $100 per barrel? read more

Dale wouldn’t put a specific price tag on a barrel of oil, but said the abundance is likely to tame any potential price increases. “My view on oil has always been that the level of oil prices we saw in the 2011-2014 period around $100-$110 didn’t seem a natural settling point. That in itself was a function of the many issues going on that at the time, particularly significant supply disruptions post the Arab Spring,” he said. read more

A report from auditors PricewaterhouseCoopers (PwC) has revealed that oil prices are unlikely to climb back to the $100 level, and will have a limited rise from the current spot price to between $60 and $70 per barrel over the next few years. read more

Oil prices above $80 a barrel will stall the economy. But oil prices below $95 a barrel are too low for companies to pay off their loans for ‘unconventional’ oil projects such as fracking, tar sands and shale. read more