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Total Believes That $100 Per Barrel Of Oil Is Coming Soon
Sep 30, 2018

On September 27th, foreign media reported in Paris that the French energy giant Total has joined the growing number of oil prices that are expected to reach $100, but the French energy giant is not excited about this.

Total CEO Patrick Powell said in an interview with Bloomberg News in Paris on Thursday that he believes that some supporting factors, such as the US sanctions against Iran and the domestic chaos in Venezuela, are Stripping supply from the market and pushing oil prices up to the three-digit number that will be seen for the first time since 2014.

Boao said: "For the global economy, I am not sure if this is good news."

In an interview, Boao said: "Even in the oil industry, because you know, when the price of crude oil is too high, then you will open the door to your competitors," and demand will decline.

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