26.05.2010, 17:09 2841

Price for oil by 2020 to grow up to $108 per barrel

The US Department of Energy published on Tuesday the next long-term forecast of the oil market, according to which the price for oil by 2020 will grow up to $108 per barrel, the agency reports citing an information-analytical portal Neft Russia.

Almaty. May 26. Kazakhstan Today - The US Department of Energy published on Tuesday the next long-term forecast of the oil market, according to which the price for oil by 2020 will grow up to $108 per barrel, the agency reports citing an information-analytical portal Neft Russia.

The Ministry for Power Generating Industry expects that by 2020 the price for oil will rise up to $108 per barrel and by 2035 will grow up to $133 per barrel. Thus, the experts of the ministry do not exclude other scenarios, when the price for oil may fall down to $51 or rise up to $210 per barrel.

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