Platts sees crude oil prices in $75 - $80 a barrel range for next 18 months

Rising prices are starting to threaten oil demand in Asia, especially in a country like India, which is starting to feel the pressure more than others, says Paul Hickin

Rising prices are starting to threaten oil demand in Asia, especially in a country like India, which is starting to feel the pressure more than others. India could feel the pinch with both Venezuelan and Iranian crude, which is also of the heavier sourer variety, coming off the market, says London – based PAUL HICKIN, associate director at S&P Global Platts in an interview with Puneet Wadhwa. Edited excerpts:

Can you indicate a broad range where you see oil prices at by December 2018-end?

S&P Global Platts Analytics has forecast a $75-$80 a barrel range for the next 18 months,