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OPEC: Oil price will be less than one hundred dollars in the next ten years

 Last Update: 2021-03-30
 Source: Internet
 Author: User

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[China Epoxy Network (China Epoxy Industry Online)May 13, 2015: Recently, the Organization of the Petroleum Exporting Countries (OPEC) stated in its latest strategic report that the next 10 years There will be no longer a phenomenon in which oil prices have been at US$100 per barrel.
This is a relatively pessimistic expectation.
OPEC is considering resuming production restrictions to affect the oil market.

The report predicts that in the most optimistic scenario, oil prices will be around US$76 per barrel in 2025.

This reflects OPEC's concern that competitors from the United States can cope with low oil prices and continue to supply crude oil.

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