Oil Price News - Oil prices are headed to $150 a barrel

JPMorgan's Malek Still Sees Oil at $150

· We can’t just rely on Saudi Oil

· Oil capex has never been so low

· Structural Deficit

· 107-110 MBO By 2030 – in 8 years –

· When China comes out of lockdowns

· Nat Gas to oil conversation

SCO summit

· China, Russia, Iran, Saudi Arabia forming and anti-western alliance.

Watch CNBC's full interview with India's Petroleum Minister Hardeep Singh Puri

India's Petroleum Minister Hardeep Singh Puri told CNBC's Hadley Gamble his country will carefully assess whether to support a G-7 proposal to impose a cap on the price of Russian oil. “There are many conversations going on due to a large number of factors,” Puri said at Gastech 2022 in Milan, Italy.

· Oil Demand is higher than supply

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