Home Les bulletins GEAB Oil may fall to $18 amid Saudi-Iran tensions: Kilduff

Oil may fall to $18 amid Saudi-Iran tensions: Kilduff

Oil prices could break below $20 this year as tensions rise between Iran and Saudi Arabia, two of the world’s largest oil players, Again Capital founding partner John Kilduff said Monday.

“I think you’re going to get as low as $18 and maybe get as high as $48. … It’s going to get really ugly,” he told CNBC’s “Squawk Box.” “The Iranians doubled down again, if that’s even possible, by saying that they could put 500,000 more barrels on the market within weeks after the sanctions get lifted.”

Kilduff was referring to the anticipated lifting of sanctions related to Iran’s nuclear program, which have locked the country out of international oil markets…

Read more : CNBC, 04.01.2016

You can not comment on this article
Related articles
Geta Grama-Moldovan
15 Jan 2020

Investments, trends and recommendations (Jan 2020)

#cryptos #euro #finance #investments #oil #rawmaterials

Bitcoin: Digital Gold The fairly sharp rise in the price of Bitcoin at the time of the Iranian-American crisis confirms the intuition we had in June: Bitcoin is acting as [...]

Geta Grama-Moldovan
15 Jan 2020

Geopolitics: 2020, a year under the sign of Mars

#geopolitics #multipolarworld

A non-exhaustive review of global risk by continents/regions Geopolitical tensions will dominate the year 2020. From the most structural to the most cyclical, the reasons are: The multipolar world is [...]

Geta Grama-Moldovan
15 Jan 2020

Panorama 2020: 32 key trends

#euro #europe #finance #geopolitics #multipolarworld #oil #rawmaterials

As we do every year, GEAB by LEAP is presenting a landscape of the key trends for the coming year. Besides the intellectual value of this LEAP contribution, which, of [...]