«Eastern Siberia Oil & Gas Conference»
... hence prices will rise as basic economics dictate. A further issue is reliable suppliers. For instance the EU has been aiming to agree 10 year long contracts with the Middle East, aside from this being a double-standard as it tends to avoid Russian long-term contracts by saying short-term hub trading without a fixed price is the future, the issue remains that this is not a safe partner (e.g. Arab Spring). Unless a price level of $100-$120 per barrel is reached, Saudi Arabia could fall into political ...
05.02.2013