IEA Sees Oil Rising to $80 by 2020 as Output Growth SlowsBy
Fatih Birol sees seeds of next price rally in spending cuts
Oil prices of $100 a barrel "unlikely for foreseeable future"
Oil prices will reach $80 a barrel by 2020 as global oil supply growth is “seriously” plunging, the head of the International Energy Agency said, suggesting the light at the end of the tunnel for the energy industry is still far away.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.