Economics, Econometrics and Finance
4 years ago

Unconventional oil production to keep global oil prices stable until 2025.

Energy
Oil price future regarding unconventional oil production and its near-term deployment: A system dynamics approach
Seyed Hossein Hosseini, Hamed Shakouri G., Aliyeh Kazemi

Paper Summary

Oil prices are predicted to reach around $70 per barrel in the next five years due to the rise of unconventional oil production. Despite oversupply, prices won't increase significantly until 2025. Unexpected events like a pandemic could impact prices.

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