The price of oil could rise to as much as $150/barrel in the near term if investment in the oil...

|By:, SA News Editor

The price of oil could rise to as much as $150/barrel in the near term if investment in the oil producing countries of North Africa and the Middle East is lower than required to meet demand growth from emerging economies, the International Energy Agency reports. Energy demand will increase by one-third between 2010 and 2035, with 90% of the growth in non-OECD economies.