Oil may fall to $40, experts warn OPEC
Oil may fall to $40, experts warn OPEC
Experts at an energy research group, Rystad Energy, have predicted that there will be a substantial build of global crude stocks and a corresponding drop in oil prices if the Organisation of Petroleum Exporting Countries fails to deepen production cuts in 2020.
OPEC and its allies, including Russia, will gather in Vienna, Austria, on Thursday (today) and Friday to discuss oil output levels in 2020.
The Head of Oil Market Research at Rysta...