| The oil price forecast for the upcoming year is set between $45 and 55 per barrel, a number of Kuwaiti analysts said yesterday. In separate interviews with KUNA, the analysts said that the price of oil next year will be dictated by OPEC’s production decisions, the return of Iranian oil to the world market, as well as the production expenses of shale oil.
Oil analyst Abdulhameed Al-Awadi said that the political tug-of-war amongst world economic powers such as the US, Russia, and China will have an effect on the price, adding that major oil producing states such as Saudi Arabia will be looking at stabilizing prices...............................................Full Article: Source
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