More than half of oil company executives said that oil prices will fall below 100 US dollars

Yesterday, a survey conducted by the KPMG Institute of Global Energy, one of the Big Four accounting firms in the world, revealed that 55% of 372 financial executives from oil and gas companies believe that oil prices will fall below US$100/barrel before the end of the year. .
In addition, 21% believe it will be between $101 and $110 per barrel, 15% believe it will be between $111 and $120 per barrel, and 9% believe it will rise above $120 per barrel.
In response, the executive director of the KPMG Global Energy Research Institute stated that traders' transfer of resources to commodities and a weaker US dollar have contributed significantly to the soaring oil prices in recent weeks. However, fundamental issues such as the expansion of energy demand in emerging markets and the reduction of oil reserves will continue to increase the pressure of rising oil prices in the coming years.
As we all know, last week's international oil price has already exceeded US$125/barrel, and people are worrying about the extent to which international oil prices in the bull market will rise.

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