`Oil prices won`t fall below $100 a barrel`

Crude oil prices continue to spiral upwards at the slightest inkling of a supply disruption, with most industry experts predicting that prices will only move higher from the current price levels of around $105 per barrel. India

I have strong reasons to believe that prices are not likely to come down below $100 per barrel. The ever-growing demand for crude oil, constrained supply from existing assets and inadequate replenishment from new assets are the major reasons. At the same time, resource owners globally have started tightening control over existing and prospective resources, thereby constraining free access to these resources. The end result is that oil majors having the required technology and know-how are losing access to reserves.

Business Standard