OPEC Assumes Oil Price Will Recover Gradually to $80 in 2020

Updated on
  • Non-OPEC supply estimate for 2017 cut 1 million barrels a day
  • Group sees limited oil-demand response to lower prices

Oil Price: Why the Big Discrepancy Between Goldman, OPEC

OPEC is assuming the oil price will rise gradually to $80 a barrel in 2020 as supply growth outside the group weakens, a slower recovery than several member nations have said they need.

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