Price of a barrel of oil is likely to recover in 2020

Several companies perform periodically research on estimates of when and how the price of a barrel of oil will return to its glory days. Some studies are more optimistic, others less, but everyone agrees that, as well as storms, this crisis will pass sooner or later.

The world oil Congress, held in Istanbul in early July, leaders of several companies agreed that the moment is to repair the financial losses and recovery of operations in order to withstand the low prices.

Also according to information coming from Congress, may be that the world has to wait until 2020 to see demand growth accelerate enough to a major supply deficit. In this second issue, the Organization of Petroleum producing countries (Opec) is on his time working to reduce global demand of the commodity.

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