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Maersk Group CEO Nils Smedegaard Andersen expects that the oil price will remain at USD 80-90, also on the long term. The moderate growth in the global economy will continue in 2015, he says.
Photo: Maersk Group
BY TOMAS KRISTIANSEN
Published 11.11.14 at 15:32
The current and extremely low level of the oil price, at USD 85 per barrel, is here to stay, also on the long term, says Maersk Group CEO Nils Smedegaard Andersen. This will help boost Maersk Line's savings, which did not benefit from the low oil prices in the 3rd quarter.
"The price drop came late, so it didn't affect us this quarter, but a price of around USD 80-90 per barrel will be reasonable and that's also where we expect the price to be for some time," said Smedegaard at a teleconference following the presentation of the Group's 3rd quarter interim report.