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Negative outlook for oil prices in five years
History of edits:: 2017/4/4
{International: Euphrates News} official agency {Argos} own analysis of the global fuel markets, announced a negative change to the expectations of the agency on the future of oil prices.
He said experts "Argos" that the price of oil will not exceed $ 60 per barrel over the next five years, while the previous reports indicate that the price of "black gold" has more than $ 75 by the end of this period.
Deputy director of management at the agency petrochemistry Dave Mkaswel explained that the change is linked to expectations of an increase of shale oil activity in the United States , most are expected to coincide with the slow pace of demand in the global market growth.
The oil price crisis began in 2014 when the mid of about $ 110 a barrel in June to $ 57 the end of this year.
According to analysts, the crisis was a result of several factors , including sluggish demand in global energy markets, and the revolution of shale oil, and the glut of supply, and this crisis is not the first of its kind to have oil prices have seen a significant decline in 2008, the biggest decline than it is now in a period between 1980 and 1985 .is over
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