Oil to remain at $40-60 until 2020 – OPEC official

By: Ahmed Awad

Kuwait-Mubasher: Oil prices will remain low, and will not return to their levels before 2014 will not during the coming years, said Nawal Al-Fezai, Kuwait representative at OPEC.

Al-Fezai noted on the sidelines of the Energy Strategy Forum, which is held in Kuwait, that oil prices will remain at a range between $40 per barrel and $60 per barrel until 2020.

Oil reached $104 a barrel in June 2014, before it severely declined to $26. 

Mubasher Contribution Time: 26-Jan-2016 08:39 (GMT)