Azerbaijani Energy Ministry: oil price to rebound to $100 per barrel by 2020

Azerbaijani Energy Ministry: oil price to rebound to $100 per barrel by 2020

Oil prices will double as the global oil demand will regularly increase since next year, Azerbaijani Energy Minister Natig Aliyev believes.

He said in his article published on Respublika newspaper that according to the forecasts, the oil price will rebound to $100 in 2020.

"The demand in 2017 is expected to make up 95,300,000 bpd," APA cited him as saying.

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