Energy agency projects oil price of USD 65 in 2020

The US Energy Information Agency expects an oil price of USD 65 per barrel in 2020, a decline from the average in 2018.
Photo: ritzau/Vahid Salemi/AP
Photo: ritzau/Vahid Salemi/AP

The price for a barrel of North Sea oil will reach USD 65 in 2020, projects the US Energy Information Agency, EIA, in a new report. This year the price will reach USD 61 per barrel, and both projections are lower than the 2018 average of USD 71 per barrel.

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