The Trafigura boss predicts that the price of oil will quickly rise to $ 150 a barrel

Oil prices could soon reach $ 150 a barrel and are expected to rise to higher levels quest’year, said Jeremy Ware, CEO of the global commodities trading firm, on Tuesday primeJeremy Ware, expecting to destroy demand later this year.

Jeremy Weir said in a conference in London that his company’s business in Russia were essentially terminated, with the exception of a small amount of refined products being transported in Europe, due to Western sanctions against Moscow for its invasion of Ukraine.

“We have significantly reduced our business. It (Russia) accounts for around 6% of our total business,” said Ware.

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