Oil has become cheaper by more than 30 percent in four months – 2024-09-23 15:33:58

/ world today news/ High oil prices are not expected in the coming year.

This is predicted by the International Energy Agency (IEA), taking into account the slowdown in China’s economic growth and the growth in shale oil production in the US. In its monthly report, the IEA predicted a further reduction in prices in 2015. World oil prices have fallen by more than 30% since June, reaching a 4-year low, Reuters recalls.

Despite the widespread belief that the high cost of producing oil from unconventional sources (shale oil – Ed.) will keep the price of Brenta in the range of $80-90 per barrel, the ratio between supply and demand suggests that the price will continue to fall .