Oil Could Top $US105 a Barrel

The Daily Telegraph – A GOLDMAN Sachs projection that oil prices could top $US105 ($139) a barrel in the event of a big supply disruption was conservative, a senior banker with the US investment bank said on the weekend.

Other energy experts told an energy forum held in Kuwait that global oil market fundamentals pointed to higher energy prices as demand growth outstripped new supply…

Katherine Spector, head of energy research for JP Morgan Securities, said market fundamentals pointed to petroleum prices reverting to a higher mean in coming years. “The world is running out of easy barrels of crude production,” she said.
The Daily Telegraph (Australia)