Oil price would never go to USD200. On the supply side, when it crosses $70/bbl, shale oil would start pouring into the market, thus keeping a lid on the upside. On the demand side, the world is transitioning to renewables - also keeping a lid on the upside.
Stock: [SCGM]: SCGM BHD
2021-02-25 16:38 | Report Abuse
Oil price would never go to USD200. On the supply side, when it crosses $70/bbl, shale oil would start pouring into the market, thus keeping a lid on the upside. On the demand side, the world is transitioning to renewables - also keeping a lid on the upside.