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Oil 'may rebound above US$100 by 2022 due to lack of investment - Proactive's Zac Phillips

Oil Rig at Sea

Proactive Research oil analyst Zac Phillips tells Proactive London's Andrew Scott the underlying drivers still remain strong despite the dramatic pull back this week in the oil price.

''Structurally the oil market is still  skewed towards the demand side which means any shortfall on the supply side will, in time, have an impact on the price  and drive it up''.

''I think what we're seeing is a temporary aberration and it will come through''. 

As part of the discussion, Zac Phillips discusses Bahamas Petroleum (LON:BPC), Premier Oil (LON:PMO), Tullow Oil (LON:TLW), Hurricane Energy (LON:HUR), Union Jack Oil (LON:UJO) and Reabold Resources (LON:RBD)

Quick facts: Bahamas Petroleum Company PLC

Price: 3 GBX

Market: LSE
Market Cap: £121.64 m

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on 17/8/20

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