The head of OPEC did not exclude growth in oil prices to $ 200 per barrel

The head of OPEC did not exclude growth in oil prices to $ 200 per barrelAccording to the head of the Organization of countries-exporters of oil (OPEC) Abdullah al-Badri, world oil prices have already bottomed out and soon will begin to grow again."Right now the price is about 45-55 dollars per barrel, and I think that, maybe, they reached the bottom, very soon we will be able to see some rebound" - quoted by al-Badri RIA "Novosti" with reference to Reuters.At the same time the head of the oil cartel has again warned that the decline in investment in the current environment can cause a significant lack of energy in the future and, as a consequence, the jump in prices."Suppose we reduced production, then we will have spare capacity. Miners when they have excess capacity, will not invest. If they do not invest, there will be supply, and if there is no supply, there will be a shortage on the market in three to four years, and the price will go up, and we'll see a repeat of 2008.



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