OPEC predicted that the price of their oil to $80 by 2020


Moscow. December 23. The organization of countries-exporters of oil lays in the forecast for the development of the world oil market increase the price of their oil by $5 per barrel per year to $80 per barrel by the year 2020, follows from the review, prepared by the cartel.

This scenario is based on expectations that increased demand and lower growth in production outside OPEC will allow to mitigate the existing imbalance market.

By 2030, the price of “oil basket” OPEC is expected to rise to $123 per barrel by 2040 – up to $160 per barrel.