Thursday , October 28 2021

"Manoon" looks at still stable oil prices – innnews



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Mr. Manoon Siriwan, energy expert Revealed at the INNN news agency That the oil price trend stays stable, he expects West Texas oil to move within the range of $ 50-55 per barrel . The price of Brent oil is US $ 55-60 per barrel.

Although the price of refined petroleum in the country continues to advance according to the world crude oil price

However, oil producers from OPEC have announced a reduction in production since December 2018, which led to a slight increase in oil prices since the beginning of January 2019

It is expected that oil prices will not exceed 70-80 dollars per barrel. Due to the economic tendency of the year 2019, it can reduce the speed, the low barriers, the high supply.

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