Wednesday 11 November 2015

OIL PRICE TO RECOVER TO $80 ONLY BY 2020, SAYS IEA

Oil prices are set for a slow recovery, according to the latest report from International Energy Agency (IEA), which cautioned against the deep investment cutbacks in the industry.

In its latest World Energy Outlook, the IEA’s central scenario for oil prices forecast that the oil market would rebalance at $80 a barrel (bbl) in 2020, “with further increases in price thereafter.”

Read more @ The Guardian

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