DNB on oil price: Good times in store for 2020

The price for a barrel of North Sea crude will rise ahead of 2020, predicts oil analyst at DNB Markets, Torbjørn Kjus. The analyst has lowered his estimate but is overall more positive than other industry stakeholders.

BY KATRINE GRØNVALD RAUN, SHIPPINGWATCH

When we arrive in 2020, it might start being fun to be in the oil sector, says Torbjørn Kjus, Norwegian oil analyst with DNB Markets, in a new, comprehensive report about the development on the oil market over the next five years.

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