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FGE In the Media


This year crude prices will touch $85-87, but long-term, oil is headed to $70: Dr Fereidun Fesharaki

Oil
 

Dr Fereidun Fesharaki, Founder & Chairman, FGE, says the long-term oil price will be about $70 a barrel in real terms and this view holds for the next 20 years. Increasing carbon costs are supporting crude prices. But we do not see the prices going below $70, we do not see a $40, $50, $30 oil anymore. When it gets to $70, it will be defended by OPEC. The trajectory will go down from $85-90, to $75-80 and then $70-75 and then around $70.

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