Open Access

Scenario Analysis for Future Oil Demand and Supply on the Horizon of 2022

  
Sep 24, 2016

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This study indicates signs of recovery in the oil price beyond 2020 and predicts oil prices will reach $80 in 2022. This scenario posits an opposite view to a large number of experts who believe that oil prices will remain low for a long time. The second less preferred scenario predicts oil prices of $60 in 2022 due to a big spread in shale oil production technology worldwide, combined with a significant increase in oil production costs.

Language:
English
Publication timeframe:
6 times per year
Journal Subjects:
Physics, Technical and Applied Physics