OPEC forecasts that oil prices will rise to $ 40 in the second half of 2020. This was announced by the Minister of Energy of Algeria Mohamed Akrab during a conversation with local media. Kuna.net.kw spreads information about it.
According to him, “positive signs in the markets” have already been observed. According to the forecast, in May-June, as a result of OPEC + agreements, world prices will rise to $ 35 per barrel on average.
Akrab also noted that in addition to OPEC + decisions, price increases will help remove the restrictions imposed by countries over the Coronavirus epidemic.
Recall that OPEC + countries agreed in mid-April to start reducing oil prices from May 1. Under this agreement, in May-June, the reduction in oil production by 9.7 million barrels per day.