Moody's experts expect the fall of oil prices to $60-65 per barrel in 2020-2022


The official forecast of the international rating agency Moody's Investors Service assumes a decline in oil prices to 60-65 dollars per barrel in 2020-2022, whereas in 2018 oil will average $78 per barrel, in 2019 - $71 per barrel, Denis Pereverzentsev, vice president and senior credit expert at Moody's reported. He pointed out that OPEC and the US Energy Agency expect further growth in oil demand in 2019 after rising to 1.5 million barrels per day this year. Pereverzentsev also said that in 2019 the market is adapting to a decrease in the supply of Iranian oil and that market regulation by OPEC will be required, otherwise the offer will again exceed demand.

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