Morgan Stanley: the tight supply will push prices as high as 105 USD

Recently, the well-known financial services company Morgan Stanley published a new study reports that, due to the increasingly tight supply of the future, therefore, oil prices in 2012 to rebound to 105 U.S. dollars a barrel. According to the study said, due to technical, financial and political factors, originally planned in 2009 and 2015 the majority of the increase in oil production in the project can not be completed by then. The report said that spare capacity will lead to increasing tension, while the spare capacity is tight, in 2005 an important reason for rising oil prices.

Sep. 18, 2009