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Recently, the International Energy Agency revealed that international oil prices may gradually rise to $
80 per barrel by 2020.
Fatih Birol, Executive Director of the International Energy Agency, said: "We expect the price to gradually rise to $
80 by 2020.
We estimate that investment in the oil sector will fall by more than
20% this year.
But perhaps more importantly, the downward trend
will continue next year.
He pointed out that the decline in investment for two consecutive years can affect the oil market
in recent years.
The IEA's forecast is in line with
OPEC's.
According to previous reports, OPEC expects the average price of oil to rise to $
80 by 2020.
Recently, the International Energy Agency revealed that international oil prices may gradually rise to $
80 per barrel by 2020.
Fatih Birol, Executive Director of the International Energy Agency, said: "We expect the price to gradually rise to $
80 by 2020.
We estimate that investment in the oil sector will fall by more than
20% this year.
But perhaps more importantly, the downward trend
will continue next year.
He pointed out that the decline in investment for two consecutive years can affect the oil market
in recent years.
The IEA's forecast is in line with
OPEC's.
According to previous reports, OPEC expects the average price of oil to rise to $
80 by 2020.
