Oil Price Expert Opinion

Oil Price Expert Opinion

‘I think an oil price, which will balance the markets in the next years to come, will be close to $100,’
‘We shouldn’t be blinded with what’s happening now. Looking at the geology, looking at the economics of the oil markets, one shouldn’t be surprised if we see in a few years’ time, again, a rebound of prices,’

– Fatih Birol, Chief Economist of the International Energy Agency (IEA)

(At a conference in Stockholm, when asked to quantify at what level he sees oil prices long-term.)

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