Oil prices to revolve around $60–70 in next three years, MEI saysIllustrationMcKinsey Energy Insights (MEI), a specialist energy data and analytics unit within McKinsey consulting firm, has released its latest Global Oil Supply and Demand Outlook, which claims that oil prices will revolve around $60–70/bbl over the next three years. The report identifies five potential supply and demand scenarios. If the market was to follow MEI’s business as usual scenario, it would expect oil prices to revolve around $60–70/bbl over the next three years and balance close to $65–75/bbl by 2030, MEI said on Wednesday.
Source: Oil prices to revolve around $60–70 in next three years, MEI says | Offshore Energy Today