Oil Expected to Reach $100 Again

The oil price will hit $100 per barrel in around 18 months.

That’s what Orascom Investment Holding Chairman and CEO Naguib Sawiris believes, a new CNBC television interview has revealed.

“I actually believe that in, let’s say, 18 months from now the oil will hit $100,” Sawiris told CNBC via phone in the interview, which was published on CNBC’s website on May 6.

“The shale industry will vanish for at least one year … and the start-up is going to be difficult because banks are going to be very reluctant to finance them back because they know that they’re very vulnerable … even [in] traditional oil many of the U.S. facilities have closed down,” Sawiris added.

“The world is growing anyhow, even with this recession, so suddenly when the demand is still there and is coming … and they want oil, it will not be there because most of the people are shut down. So, the offering will be less than the need … and then the price will go back very high,” Sawiris continued.

According to the U.S. Energy Information Administration’s latest short-term energy outlook, which was released on April 7, Brent crude and WTI will average $45.62 and $41.12, respectively, in 2021. Standard Chartered currently believes Brent and WTI will average $44 and $41, respectively, next year.

Without giving exact figures, Rystad Energy told Rigzone on May 6 that Brent and WTI will strengthen “a bit” in 2021 from where it will average this year and then rise “quite a lot” in 2022.

“Demand will be back up, but supply will not be where it normally would due to the shut-downs and the lack of investments and drilling,” A Rystad spokesperson said.

At the time of writing, Brent was trading at around $29 per barrel and WTI was trading at around $24 per barrel.

Orascom Investment Holding is a holding company investing in industries that are “critical to shaping the future”, according to the company’s website. Sawiris, who is also the chairman of La Mancha Holding, a private natural resource investment vehicle of the Sawiris family group, has a net worth of $3 billion, as of May 7, according to Forbes.

RIGZONE

25 Comments on "Oil Expected to Reach $100 Again"

DT on Sat, 9th May 2020 3:39 pm 



I am thinkin over $200.

Duncan Idaho on Sat, 9th May 2020 3:47 pm 



Trump is a cornered rat — and the coronavirus has him trapped
( no offense to rats)
https://www.alternet.org/2020/05/trump-is-a-cornered-rat-and-the-coronavirus-has-him-trapped/

SocialRevolutionComing on Sat, 9th May 2020 4:19 pm 



Go watch Asians news. Asian health official have almost the same speech as Arruda has. They will never fully reopen the economy. They will keep some kinds of COVID restrictions in place to keep people in a constant state of fear.

https://www.youtube.com/user/channelnewsasia/videos

They are testing robots to check social distancing in Asia.
https://www.youtube.com/watch?v=2DJmIjKtVkA

You also have to go the World Economical Forum Website. It is a similar ageenda as UN agenda 2030. They are pushing all kinds of sexual garbage like LBGT in WTF. Have a look. It straight to your face.

https://www.weforum.org/covid-action-platform

https://www.youtube.com/watch?time_continue=5&v=NAKr79WQsJ8&feature=emb_logo

Anonymouse on Sat, 9th May 2020 5:43 pm 



Shut up Juan what a complete loser and retard you are. Sign your own stupid shit under your own stupid name or dont say anyting at all, stupid. Which, lets be charitable here, you saying nothing at all would be best. Better still, if you just went away for good, which is what we all would like to see, dumbass.

I’ll say one thing for you. You make manage to make stupid seem so effortless.

JuanP on Sat, 9th May 2020 5:44 pm 



Fuck you Anon, I thought we were friends

makait1 on Sat, 9th May 2020 5:48 pm 



I was so wrong:

“China Asked WHO To Delay Pandemic Announcement, Deny Human-To-Human Transmission: German Intelligence”

“German intelligence has revealed that Chinese President Xi Jinping asked World Health Organization (WHO) Director-General Tedros Adhanom Thebreyesus to cover up the severity of the coronavirus pandemic in January, according to Der Spiegel. During a January 21 conversation – one week after the WHO assured the world there was ‘no clear evidence of human-to-human transmission’ – Xi reportedly asked Tedros not to reveal that the virus was in fact transmissible between humans, and to delay declaring that the coronavirus had become a pandemic – despite the virus qualifying as one by the WHO’s own former guidelines. And while the WHO announced on the 22nd that data collected through their own investigation “suggests that human-to-human transmission is taking place in Wuhan,” which they said more analysis was required “to understand the full extent,” they waited all the way until March 11 to declare the virus a pandemic.”

https://www.zerohedge.com/geopolitical/china-asked-who-delay-pandemic-announcement-deny-human-human-transmission-german

makati1 on Sat, 9th May 2020 6:37 pm 



Try again Davy. Everyone knows that is NOT my post. LOL

TheJewSlayer on Mon, 11th May 2020 11:08 am 



The jews are to blame, we must cook them now with fava beans and a nice chianti.

Whoa Supremacist Muzzie Jerk on Mon, 11th May 2020 11:12 am 



Ive always said the low skill English communication lets me communicate with low iq muzzie jerks.
Thats because I am one myself.
Durka Durka mohamad jiha!
where are my goats to fuck?

Born again muslim Angela Merkel on Mon, 11th May 2020 11:22 am 



durka durka bakala durka!
Mohameed Jihad! Mohameed Jihad!

Burn coaches burkala derka!
Go speed racer! bakala derka derka derka!

Mohameed Jihad berkala berkala derka derka Jihad abukala derka bakala balakeerdka! 22GW Netherlands offshore wind! beekala derka mohameed derkak derka!

Phillipines will cope! derka bakala? Mohameed bakala bakala derka derka bakala! better than USA bakala! derka derka derka mohameed jihady berkaka derka !

Dogs go wacko over smackos! beekala berkala derka!

Supremacist muzzie jerk is a cocksucker! derka derka!

Jihadi Johnson on Mon, 11th May 2020 11:30 am 



DURKADURKA BAKALA !

The prophet Mohamad fiddled me as a child!

A 2 BIT KIDDY FIDDLER AND GOAT FUCKER!

discuss…..

Your crazy uncle on Mon, 11th May 2020 11:36 am 



I was abducted by aliens and recently spent 2 weeks on the mothership.
It was ok but some of the aliens had covid 19 and the food got a bit boring after a while.

muzzie ck tastes grate on Mon, 11th May 2020 11:39 am 



the miseducain of suertard madcat and the mandate to enjoy my treaties

open appeal to supertard to watch my video and most important read the treatise
youtube.com/watch?v=ed4ryYokLzU

we’re told PBBM is swiss army knife, this is unsupported by a dysfunctional society/culture

muzzie ck tastes grate on Mon, 11th May 2020 1:00 pm 



whitey supertard president brought two small lukes and a big luke (rocket launcher) to order food.
love americans and being bigger clingers
nothing wrong with bitter clingers so we can amputate muzzies when the time come

whoa supremacist muzzies jerk on Mon, 11th May 2020 2:07 pm 



ya know whitey supertards presidents founders hated british king and they wanted to be left alone to worship (((supremetard))) their own way.
but now we have whitey supertard scientific supremacist high british english speaker “thunderf00t” imposing quarantine which i said 200 years back that it smellz. this supertard should be amputated btw
and then whitey supertard scientific supremacist “royal” institution admitted model for muzzielove virus is wrong,then boinked married gf and got fired.
enough is enough don’t ya thunk?
whitey supertard president hates the guts of the “royals”
they sent their princesses to be bagged and tasted muzzie ck. Their fiture king donned muzzie outfit and held a sword “defender of faith” what about “defender of the faith” for the love of (((supremetard))). the other one is for the taste of muzzie ck and love and benefit of supremacist muzzies btw.

1776 can’t come again fast enough, i’m sayin’

c on Mon, 11th May 2020 2:09 pm 



above i meant whitey supertard presidnet alex jones hates teh “royals”

response to uncle on Mon, 11th May 2020 2:21 pm 



our crazy uncle on Mon, 11th May 2020 11:36 am

I was abducted by aliens and recently spent 2 weeks on the mothership.
It was ok but some of the aliens had covid 19 and the food got a bit boring after a while.

hey uncle, you didn’t hear of story bladerasi gave muzies 500,000 meals for month of killing ramadan and muzzies complained food no good?

yah, muzzie lovers never see nutin

Davy on Mon, 11th May 2020 2:39 pm 



They are finally getting near the top with the worst political criminality in US history:

“Obama Participated In Plot To Frame Flynn: Sidney Powell”
https://www.zerohedge.com/markets/obama-participated-plot-frame-flynn-sidney-powell

Former President Barack Obama was in on the plot to frame former National Security Adviser Gen. Michael Flynn, according to his lead attorney, Sidney Powell. Flynn withdrew his guilty plea to providing a false statement to the FBI regarding his communications with a Russian ambassador, after which new documents in the case revealed that a cadre of bad actors within the Obama intelligence community set Flynn up. And according to Powell, it went straight to the top. “These agents specifically schemed and planned with each other how to not tip him off, that he was even the person being investigated,” Powell told Fox News’ “Sunday Morning Futures,” adding “So they kept him relaxed and unguarded deliberately as part of their effort to set him up and frame him.” “The whole thing was orchestrated and set up within the FBI, [former Director of National Intelligence James] Clapper, [Former CIA Director John] Brennan, and in the Oval Office meeting that day with President Obama,” said Powell. When asked if she thinks Flynn was the victim of a plot that extended to Obama, she said “Absolutely.”

p on Mon, 11th May 2020 3:01 pm 



Davy on Mon, 11th May 2020 2:39 pm

They are finally getting near the top with the worst political criminality in US history:

thank you supertard, pls watch my video and read my treatise

yes as a muzzie lover im very happy about the story of whitey supertard president (the honest one) michael flynn

u on Mon, 11th May 2020 3:16 pm 



thankyou whitey supertard president sid powell. thank for speakig up and advised the irishman whitey supertard president (the honest one) general michael flynn to drop his fromer legal team and go with you.

te nights of colums were real headbreakers true guineas.
600000 years after an irishman couldnt get an eff job we got the presidency may he rest in peace

i don’t score so of course im single and avialble president powell

printbabyprint on Mon, 11th May 2020 3:21 pm 



Lets not forget decline rate, and new finds almost null , so this prediction actually could be very close. Anyway you put it no more growth, and lets see how will capitalism react to that

zero on Mon, 11th May 2020 3:43 pm 



Oil is in decline not in demand.

printbabyprint on Mon, 11th May 2020 3:49 pm 



Oil supply is in decline . Oil is always in demand .Would you like to travel with a private jet tonight to have a coffee in Rome . You see , and you need a lot of oil to do that . Money is not a problem we can print it whenever we want

the knights of columbus were real headbreakers true guineas 70000 years after an irishman couldnt get eff job we got the presidency may he rest in peace but the irishman is back whitey supertard president (the honest one) general michael flynn on Mon, 11th May 2020 7:56 pm 



sorry for a lil self promotion and praise

thankyou whitey supertard president sid powell. thank for speakig up and advised the irishman whitey supertard president (the honest one) general michael flynn to drop his fromer legal team and go with you.

te nights of colums were real headbreakers true guineas.
600000 years after an irishman couldnt get an eff job we got the presidency may he rest in peace

i don’t score so of course im single and avialble president powell

whoa supremacist muzzies jerk oh hi my name is boxxy most people know me as moldy lunchbox and due to recent events im gonna make a neeewwwww videos omg i love u guys love love love my friend is adi from gaia we are on gaia online love love lov on Mon, 11th May 2020 10:08 pm 



this is my master treaties. i don’t waste time on this forum. it’s lame. this treaties is about love for supremacist muzzies
muzzie bribe went with isis to make babies and now want to go back. what the world going to. this is ok but supertard big muzzie beard SAWS swt pbuh is banned from UK and harrassed by AA.
muzzie curse kufar in vice documentary about ramadan but subtitle is excluded for the love of supremacist muzzie. this happens in deerfield michigan. muzzie said it’s peaceful but at the end acted as if typical soft and cudly muzzies do. very ironic
the knights of columbus were real headbreakers true guineas 70000 years after an irishman could not get a fking job we got the presidency may he rest in peace. the kennedys were muzie lovers so (((supremetard))) didnt’ extend protection to them so they died slowly of alcoholism, venerial dieases from marilyn monroe, planes, or some boating accident.

Stop rite here if u don’t agree with above. I’m tryna save u time cuz you’re not ready to proceed. U need to spit out the muzzie ck because it interfers with ur thinking. When you’re done enjoying muzzie ck, come back and continue

but now the irishman is back and whitey supertard president general michael flynn (ready, rumble, rumble – the honest one) is going to love muzzies and amputate them all. love can be in many forms and bringing muzzies closer to muhamad the pedifler to get virgins and boys is a form of ultimate love.
one has to wonder why little tiny small big brother joe supertard never mentioned whitey supertard president general michael flynn and why the investigation wasn’t about muzzies but that’s the goal, destroy muzzie lovers by going after them in some other ways – like love for putin
cui bono? one wonder the extend of muzzie infiltration and why did little small tiny big brother joe supertard “reverted” to muzzie like whitey supertard president john brennen did
now it is ramadan and very peaceful. so far 83 kabooms and 316 went to see muhadmad the pedifler. after 18 days, 12 more to go. Thank you supertard glenn roberts thereligionofpeace dot com
the big kabloom will be at the end, quote:
And when the forbidden months have passed, kill the idolaters wherever you find them and take them prisoners, and beleaguer them, and lie in wait for them at every place of ambushBut if they repent and observe Prayer and pay the Zakat, then leave their way free.

muzzies get extra credits during this time so when they go for your neck, muzzie only being friendly. this actual advice is not mine though
and now the muzzielove virus with corona. corona is a (((supremetard))) beer. pay close attention, there’s a cross in the logo. so why muzzies destroy it? we need to go back to whitey supertard scientfic supremacist “thunderf00t” who should be amputated for muzzie lovin and spreading scientific supremacism. when this whitey supertard imposed self quarantine i said it smellz. that was many moons ago and i was first as usual to smell BS 20000 light years away.
then we have whitey supertard “royal” instituiotn who ran model predicting muzzielove virus. then admited it wrong and went to boink married gf and lost job.
ask yourslef if someone speak exclusively high british english, chances are they love muzzies? of course they love muzies and that’s why i’m pushing low english. it’s more trustworthy. muzzies benefits in all this.
churches closed but muzzie mosque open. and all the rapes in UK was “by all ethics” no mention of muzzies which brexit about to amputate.

Muzzie worked for mayo clinic said kill may kufar. Wonder if your parents or relatives come in hospital get “treated” by muzzies and head straight to the morgue? Yep, you can’t keep track of everything about yourself, not mentioning your relatives.
This lockdown is a trial run, imagine what a supremacist muzzie lockdown will be like. Big sys in bags everywhere roaming the street and the rest of us are hunted door to door. Thanks to americans who stock up tons of LUKE 22:36. Bless are those who are bitter clingers. Ain’t nothing wrong with bitter clingers, I love ‘em all. This makes it easy when we amputate supremaicst muzzies starting with muzzie imams.
Why are Americans well armed but unable to take action. The answer: the inteligensia whitey supertards love muzzie ck so much they’re like alcoholics whose sole existence is to wait for another serving of muzzie ck. If they get off the medication so called muzzie ck and lead the masses, this thing would be over in 5 minutes. One can say one muzzie ear worth $1 and people would love to go for it for sports. Instead right now they serve big sys and lock themselves at 10,000 acres and promote goatse.
supertard big muzzie beard SAWS pbuh swt reported muzzies in ger comprise of 40% of jizya payment to the tune of 4 billion euros per month. with that money they could go REAL GREEN or FAKE GREEN, it doesn’t matter that would’d been prosperious without the rapey rapey and stabby muzzies. The scale of jizya is incredible. it’s all out in the open if you just listen to the UK muzzie andy choudary.
muzzie sabotage airliner and got loved 1000x in the form of reporting of “union dispute”. supertard big muzzie beard SAWS pbuh swtreported it’s actually jihad.
Then in astralia muzzie with big grin and smug looking face with a hat and meat grinder practically begged to be amputated and put on muzzie hamster wheel. cops love him 100000x more and are puzzled why he did this. i’m scratching my head too which has thinning hair
Muzzie in NZ allah acbar and went after cop with axe. Cops loved muzzie 10000x love conquer all. No tweet AOC SAWS pbuh swt , not siri Lanka, not when muzzie shot 6 cops on philadelphia. 25 billion tweet on Christchurch though
then there we deceptions of deep green, real green, deep deep green, fake fake green, and all the permutations of green. when AOC SAWS pbuh swt – (ZOMG i’m amazed at the technology in a sink food grinder) failed, the greta SAWS pbuh swt deception kicked in. I belived everything even the fantastic flying goat story.
And now AOC is licking her chops with text on video “rent cancellation”. ZOMG do people have no shame at all? What does it say about the majority of hard working spanish people? This lib will set the stereotype for all spanish people.
for many years, centuries, million, quadrillion of years since (((supremetard))) SAWS pbuh swt created heaven and earth and before supertards SAWS pbuh swt big muzzie beard and glenn roberts put up web sites, i warned tards and supertards about muzzies.
i made no progress sort of like banging head against concrete, concrete wins everytime
but then i “reverted” to a supremacist muzzie jerk and I’m the best of humanity allah has created. i wear a muzzie dress and i pee sitting down holding up the bathroom line. this made supertard SAWS pbuh swt have bladder infection but the love for muzzies only intensified.
and now i have superpower, big goat SAWS pbuh swt is feeling intense heat. all stops are pulled it seems – even supertard Robert Inget the controlled libtard opposition is deployed to censor me. but uppertard SAWS pbuh swt is not going to destroy free speech for someones love of muzzie. supertard SIS SAWS pbuh swt dropped the appeal and that’s final. it’s now as good as case law. supertard SIS SAWS pbuh is back being occupied with his bunker and learjet and auto keltecs and he said absolutely do not bother him. so it’s set in stone that uppertard SAWS swt pbuh is not going to modify this forum