Blackstone expects oil price to ‘self-correct’

Original article by Perry Williams
The Australian Financial Review – Page: 33 : 2-Feb-16

The price of Brent crude oil was trading at $US35 a barrel in early February 2016, having reached a low of $US28 in January. Blackstone Group president Hamilton James says the current price of crude oil is unsustainable and he expects it to rebound to around the $US75 level in coming years. James adds that the global oil surplus may not be sustained, as US oil supply is likely to fall if the crude oil price remains low.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s