Forecast the price of oil between $ 40-60 to 2020

01/26/2016 12:31




BAGHDAD / Obelisk: Nawal Fezia delegate of Kuwait in OPEC said that oil prices could see an improvement after 2020 but before that would be a "difficult situation" and oil prices will move in a range between $ 40 and $ 60 a barrel.

She Fezia told reporters Tuesday that forecasts indicate that prices will be higher than it is now during the period from 2020 to 2030.

She added, "It is the day to 2020 will be a difficult situation .. We do not expect that there will be significant changes in the oil market."

Asked about the price per barrel, he said "we are talking about 40 to 60 dollars (a barrel) .. after the end of 2016 and after 2020 in May and perhaps become between 60 and 80 (dollars per barrel)."

Fezia reported that the Iranian additional oil supply is expected to enter the market would put pressure on oil prices, but "should be patient and wait to see what size can actually add Iran to the market."

She added that OPEC would welcome any attempts by independent producers to achieve stability in the market.

She said, "can not be an emergency meeting of OPEC without real cooperation between producers inside and outside the organization.

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