Oil above $55 is a long-term inevitability, Maersk CEO says

After testing a 12-year low, the price of oil simply has to go up. That’s according to the CEO of shipping and oil giant A.P. Moeller-Maersk A/S, who says 2015’s average crude price of $54/bbl is too low for the industry to produce enough oil to satisfy global demand. More »