Higher oil prices are here to stay. Here’s why, and what to buy

Matthew Partridge talks to Richard Hulf of the Artemis Global Energy Fund about the state of the oil industry, why US shale is overhyped, and what he’s buying now.

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Richard Hulf of the Artemis Global Energy Fund is focusing on traditional deepwater drilling
(Image credit: 2011 AFP)

Eleven months ago, the price of Brent crude oil was less than $45 a barrel; a few days ago it breached $80 for the first time since November 2014. To make sense of what's going on, I approached Richard Hulf, who, with John Dodd, manages the Artemis Global Energy Fund. This fund primarily invests in oil and gas stocks, along with companies in the wider energy industry.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri