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Kuwait: in mid-2017, oil will cost 50-70 dollars per barrel

Kuwait oil company Kuwait Petroleum International (KPI) believes that by the middle of 2017 the price of oil will amount to $ 50-70 per barrel, and later may increase to $ 80.

One of the leaders of the company Bakhit al-Rashidi said that currently the price of oil reached its minimum, and soon will begin the correction cost of energy.

According to al-Rashidi, the main factor of the fall in oil prices was the decrease in demand from Asian consumers, especially China.

He said that within three years the price of oil can return to the level of 60-80 dollars per barrel.




Kuwait: in mid-2017, oil will cost 50-70 dollars per barrel 13.02.2016

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