<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></abstract>

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.

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

Finance and Economics Department Business Administration College, University of Sharjah, P.O. Box 27272 Sharjah,

Latvian Journal of Physics and Technical Sciences

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Scenario Analysis for Future Oil Demand and Supply on the Horizon of 2022"}

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...

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

Published Online: Sep 24, 2016

Page range: 56 - 65

DOI: https://doi.org/10.1515/lpts-2016-0029

Keywords
conventional oil, oil demand, oil price, oil supply, unconventional oil

© 2016 Hasan Mustafa, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

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

Published Online: Sep 24, 2016

Page range: 56 - 65

DOI: https://doi.org/10.1515/lpts-2016-0029

Keywordsconventional oil, oil demand, oil price, oil supply, unconventional oil

© 2016 Hasan Mustafa, published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
conventional oil, oil demand, oil price, oil supply, unconventional oil