Standard Chartered: Oil price will crash to USD 10 per barrel

Not until the oil price lands at a price of USD 10 per barrel, will the market understand that this has gone too far, says British Standard Chartered.

Photo: Hjalmar Otto Fjøsne/Aker Solutions

BY RITZAU FINANS

The UK bank Standard Chartered believes that the oil price could reach USD 10, reports Norwegian business daily Dagens Næringsliv.

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Standard Chartered: Oil price will crash to USD 10 per barrel

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JP Morgan: Tanker boom will weaken in 2017

The World Bank cuts growth projections for 2016

2016 calls for strong nerves from oil industry players

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Front page now

Royal Arctic Line's chief executive steps down

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

German logistics company wants to grow 250 percent by 2030

MSC chosen as strategic partner for ailing Spanish rail freight company

Seven Seas: Customers' green ambitions and actions don't align

Royal Arctic Line's chief executive steps down

Jobs