OPEC states predict oil prices of $70-80 in 2015

 

OPEC countries expect world oil prices to reach $70-80 per barrel in late 2015 due to rising oil demands. The organization would make use of a price $100 per barrel to activate extraction of hard-to-get oil, RIA Novosti reports.The oil prices will fluctuate around $60 or may drop lower before reaching $80 per barrel within about a year.

 

OPEC countries expect world oil prices to reach $70-80 per barrel in late 2015 due to rising oil demands. The organization would make use of a price of $100 per barrel to activate extraction of hard-to-get oil, RIA Novosti reports.

The oil prices will fluctuate around $60 or may drop lower before reaching $80 per barrel within about a year.