Oil prices will remain on an upward but less volatile trajectory through the medium term to 2025, said Barclays, a British multinational investment bank and financial services company, in a new study.

Prices should gradually increase because of slowing tight oil supply growth and robust demand growth. With recent sanctions policies, it is clear that although there is no lack of resources, there is an increasing lack of access to them, the study said.

Still, the path should be less volatile. Fewer subsidies and the addition of US tight oil, among other reasons, are making demand and supply more elastic, according to the study. – TradeArabia News Service