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Oil reserves in the Middle East and North Africa account for more than half of the world’s reserves. “We face a lot of challenges if political unrest starts in that part of the world”, says Thina Margrethe Saltvedt, Senior Analyst of Macro/Oil and Global Commodities, and Strategist at Nordea on her visit to Nordea in Luxembourg. Thina Margrethe Saltvedt underlines at the beginning of her presentation at Nordea Bank in Luxembourg that it took some time before we began seeing the massive oil price increases from 2003 to 2010. For 2013 she predicts $108 US dollars per barrel and for 2014 $111 dollars. “Oil prices will increase over the next few years but they will also trigger more investments in all kinds of energies”. She thinks that oil will remain important, especially for the...
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