Oil price likely to rise to $85 a barrel, warns award-winning energy expert

Oil prices could rise to $85 a barrel by July, warned Pulitzer Prize-winning author and energy expert Dan Yergin.

(Also read: Got an arm and a leg... and a good pair of tekkies?)

Yergin worries that plummeting output in Venezuela and rising tension in the Middle East will keep the current oil price rally going.

The Money Show’s Bruce Whitfield interviewed David Shapiro, veteran stockbroker and Deputy Chairperson at Sasfin.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

There’s a worry that President Trump will impose sanctions on Iran…

David Shapiro, Sasfin

Do the frackers in the USA start opening more wells?

David Shapiro, Sasfin

All the oil companies are leading the market up today… It’s had a big effect on global markets…

David Shapiro, Sasfin

It’s dangerous! It’s gonna throw us off!

David Shapiro, Sasfin

You’re gonna hear a much more fearful Mr Kganyago.

David Shapiro, Sasfin

We’re in for a difficult time in emerging markets.

David Shapiro, Sasfin

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our mailing list

* indicates required

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Oil price likely to rise to $85 a barrel, warns award-winning energy expert


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
5 highlights from Pravin Gordhan’s state-owned company clean-up

5 highlights from Pravin Gordhan’s state-owned company clean-up

The Money Show’s Bruce Whitfield interviews Corruption Watch Executive Director David Lewis.

[Breaking] Transnet CEO Siyabonga Gama served with suspension notice

[Breaking] Transnet CEO Siyabonga Gama served with suspension notice

The Money Show’s Bruce Whitfield interviews Pieter du Toit, the assistant editor at News24.

We need to deracialise our thinking - Sandile Zungu (Black Business Council)

We need to deracialise our thinking - Sandile Zungu (Black Business Council)

The Money Show’s Bruce Whitfield interviews newly elected Black Business Council president Sandile Zungu.

To buy or not to buy? That is the question

To buy or not to buy? That is the question

The pros and cons of subscribing to versus buying digital content.

Rand nosedives as South Africa flirts with recession

Rand nosedives as South Africa flirts with recession

The Money Show’s Bruce Whitfield interviews George Glynos, Head of Research at ETM Analytics.

Got an arm and a leg (and a good pair of tekkies)?

Got an arm and a leg (and a good pair of tekkies)?

Fuel prices are expected to increase yet again next month, says the Automobile Association. You may want to sit down for this one.

Popular articles
WCED 'extremely concerned' by recent child abductions in Cape Town

WCED 'extremely concerned' by recent child abductions in Cape Town

MEC of Education Debbie Schäfer confirmed that two girls aged 11 and 18 were abducted in Zonnebloem recently.

'He told me people would want to keep him quiet at any cost'

'He told me people would want to keep him quiet at any cost'

Journalist Gavin Evans says the late Mark Minnie spoke to him about his fears that those he exposed in his book might harm him.

Zille won't stop fighting to have SANDF property released for affordable housing

Zille won't stop fighting to have SANDF property released for affordable housing

Zille says properties under the control of the state should be made available for local government's affordable housing plans.

'There is no verse in the Quran that says women should cover their faces'

'There is no verse in the Quran that says women should cover their faces'

Dr Taj Hargey says he is advocating for the ban of women wearing burkas in public because they look ridiculous.

[LISTEN] IRR believes list of targeted farms is genuine

[LISTEN] IRR believes list of targeted farms is genuine

Institute for Race Relations researches Terence Corrigan explains why they believe the list Afriforum has released is genuine.