Oil Price Could Climb 15% by Year-end

Oil prices have the potential to rise another 15% over the remainder of 2018, as the market faces up to an undersupply and low storage ‘double hit’

Ashburton Investments 17 April, 2018 | 9:23AM

This article is part of Morningstar's "Perspectives" series, written by third-party contributors. Here, Richard Robinson, manager of the Ashburton Global Energy Fund discusses the future of the oil price.

oil energy basic materials commodities commodity natural resources

We are rapidly transitioning from a market drowning in oil – oversupplied and excess stored oil – to a new reality of undersupply and low storage levels. This is largely due to the collapse in the approval of new oil projects since 2014.

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Ashburton Investments  are the investment management arm of FirstRand Group, one of Africa’s largest financial services companies.

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