Photo: Lucy Nicholson / Reuters
In the coming months, world oil prices will decline. This conclusion was made in the US Department of energy, the data published on the website of the Department.
According to forecasts of American experts, the price of a barrel of Brent crude oil to the end of the year will average at $ 59, over the second quarter of 2020, the price will drop to $ 57. Cost reduction in the office explained by the growth of world reserves. The energy Ministry added that after the price drop will go back up to 62 USD per barrel, in other words, the average projected price for 2020 was about 60 dollars.
In early October, the family-owned Demyan Kudryavtsev, the newspaper “Vedomosti” reported that within a few decades, global oil demand may be greatly reduced. Peak demand, according to analysts ‘ estimates, will be in 2030-2040 years, followed by a steady decline.
As said Russian energy Minister Alexander Novak, In the medium term, fair price for oil — $ 50 per barrel. The Russian budget for the current year laid the price at 43-45 dollars. According to Novak, the price of 100 dollars per barrel, you can already forget.
Video, photo All from Russia.