NNPC: Lack Of Investment Could Push Oil To $200

Crude oil prices could rise to $200 per barrel as international oil companies curb their investments in new exploration and production, the Nigerian National Oil Corporation said this week. The effect of investment decisions being made now will be felt in about five years, NNPC’s Group General Manager for National Petroleum Investment Management Services, Bala Wunti, said at the Nigeria International Petroleum Summit as quoted by This Day. “I was talking to one of my senior colleagues yesterday, and he said, well, it is time for someone…