Bank Of Baku

WSJ: OPEC sees oil price below $100 a barrel in the next decade

WSJ: OPEC sees oil price below $100 a barrel in the next decade
# 12 May 2015 07:43 (UTC +04:00)

The report predicted that oil prices will be about $76 a barrel in 2025 in OPEC’s most optimistic scenario, the people said, a reflection of the cartel’s worries that American competitors will be able to cope with low prices and keep pumping out supplies. It also contemplated situations where crude oil costs below $40 a barrel in 2025, the people said.

 

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