Baku 21° C
Bloomberg: Oil prices will fall to $ 10
Energy
- 19 December, 2017
- 09:36
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 19 December. REPORT.AZ/ Breakthrough in battery technology will happen in 2018, which will open the way to mass production of cheap electric vehicles. In this regard, oil price will start to fall.
Report informs citing the Bloomberg, the biggest shock will be felt in Saudi Arabia and Russia.
According to scenario, in 2020, oil will fall to $ 20/barrel. The agency does not exclude the drop in prices to $ 10 by 2024.
In 2028, as a result of bankruptcy of oil companies in the world investors will leave this sector massively.
Author
Latest News
23:54
Parviz Shahbazov: Strong political ties underpin Azerbaijan–Ukraine economic cooperation
Foreign policy
23:42
Shmyhal says Black Sea–Caspian links could open new trade and energy routes
Foreign policy
23:23
Shmyhal calls on Azerbaijani companies to help rebuild Ukraine
Foreign policy
23:18
Russia plans to return nine children to Ukraine in November, official says
Region
23:06
QatarEnergy in talks with US suppliers for long-term LNG deals
Other countries
22:48
Putin ready to help end US–Iran conflict, Rezaei says
Region
22:16
Iran's Rezaei delivers letter from Khamenei to Putin
Region
21:58
Russia and Iran sign documents on Rasht–Astara railway project
Region
21:42
Zelenskyy and Costa discuss Ukraine's EU accession and Abu Dhabi talks
Other countries