Friday 29 March 2024
 
»
 
»
Story

Kuwaiti minister sees oil at $40-$60 in 3 years

KUWAIT, March 9, 2016

Kuwait's acting oil minister said on Wednesday he expected oil prices of $40 to $60 a barrel over the next three years.

"I think we will see an indication of an increase in demand by end of this year and probably a little bit higher prices by 2017 and 2018," Anas Al Saleh told reporters in Kuwait.

"And the range is $40-$60 as an average over three years," he added.

Brent crude futures were trading above $40 per barrel Wednesday.-Reuters




Tags: Kuwait | Crude | Oil minister |

More Energy, Oil & Gas Stories

calendarCalendar of Events

Ads