Bloomberg found experts promising a refund of oil prices to the level of $ 100 per barrel

According to Standard Chartered experts, Barclays Bank and Sanford C. Bernstein & Co investment, oil cost will soon increase to $ 100 per barrel, Bloomberg writes.

According to experts with whom the agency talked, bidders do not believe that a decrease in the demand for energy will be long. Analyst Paul Horsnel is the head of the Standard Chartered division on research on raw materials, in particular, he noted that current prices should not be considered a new norm. “After this decrease, they should rise above the level of $ 90,” he said.

Experts also informed Bloomberg that oil prices, in their opinion, will increase to $ 100 per barrel long until 2020. “We do not think that oil will be below $ 100 for a long time,” said Sanford C. Bernstein & Co. Jan Pail. “We expect a reduction in production. In addition, the volume of investments in future developments in this area can be reduced.”

Thus, according to these predictions, the cost of oil will not be long below $ 100 per barrel, since the demand for it will inevitably increase again. “Despite all the conversations about the fall of oil prices, the situation in the market indicates that in reality little has changed, prices will soon increase again, since the reduction in demand for“ black gold ”at present will be short -term,” the publication says.

As the agency emphasizes, although since June the cost of supplies for the next month of Brent oil fell by 25% - up to $ 86.03 per barrel according to the results of the trading session on Tuesday, the cost of contracts for 2020 remained at 91.53 dollars.

Bloomberg also gives the forecast of the International Energy Agency, whose experts argue that oil consumption in the world will grow to 99 million barrels per day in 2019. This year, this indicator is at the level of 92.8 million barrels.