OPEC Expects Oil Prices to Be About $76 a Barrel in 2025 – WSJ
OPEC Expects Oil Prices to Be About $76 a Barrel in 2025 – WSJ
Monday, 11 May 2015
The Organization of the Petroleum Exporting Countries (OPEC) expects oil prices to be about $76 a barrel in 2025 in its most optimistic scenario, the Wall Street Journal reported, citing a draft of the cartel’s latest strategy report.
OPEC does not expect oil prices to consistently trade at $100 barrel again in the next decade, an assessment that has the group considering the return of production limits, the Journal said.
Oil slipped towards $65 a barrel on Monday as signs that U.S. shale oil production was recovering after a recent price rally renewed concerns of a growing global supply glut.
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