JPMorgan warns of a continued surge in oil prices to $150

From invezz.com

Oil prices will continue to surge not just in the near term but over the next two to three years, says Christyan Malek. He’s the Global Head of Energy Strategy at JPMorgan. Malek raised his rating on the global energy space this morning to “overweight” citing an energy “supercycle” that could push Brent prices up to $150 by 2026. He forecasts the imbalance between supply and demand to hit 7.1 million barrels per day by the end of this decade. "Elevated corporate breakevens, while OPEC’s falling spare capacity generates additional risk premium of ~$20/bbl based on periods in the past that have ... (full story)