Date: 7 months ago   Category: Energy

MEA expects growth of price of oil to $88 for barrel by 2025 — Rambler News Service


The International Energy Agency (IEA) expects that price of oil will reach $88 for barrel by 2025 and will show further growth — to $112 for barrel by 2040, follows from the annual review of the organization — World Energy Outlook 2018. At the same time, according to expectations MEA, price of oil will exceed $100 for barrel during the period between 2030 and 2035. MEA specifies that such forecast is supposed in so-called New Policies Scenario — the scenario assuming the policy aimed at reduction of use of fossil types of fuel as a result of development of renewable power. In the basic scenario price of oil by 2025 will be $101 for barrel, by 2040 - $137 for barrel. The agency also notes that gas price in the regional markets will aspire to the universal prices close to the prices in the gas market of the USA.

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