DOHA (Sputnik) – Oil prices could be at $30-40 per barrel in the last quarter of this year, Omani Oil Minister Mohammed Al Rumhi told Al-Watan newspaper.
Oil prices halved since early March due to the expected demand slump after the breakup of the OPEC+ oil output cut deal and amid the coronavirus outbreak.
After OPEC+ states failed to agree on further output cuts, market analysts began to predict a “price war” between main exporters.
Sourse: sputniknews.com
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