IEA sees return to $80 but warns of 1970s overreliance on M East

摘要

Oil prices will recover to US $80 by 2020 but an extended period of lower oil prices would trigger energy-security concerns by heightening reliance on a small number of low-cost producers in the Middle East, or risk a sharp rebound in price if investment falls short, according to the International Energy Agency (IEA). In the 2015 edition of its World Energy Outlook the IEA says that the plunge in oil prices has set in motion the forces that lead the market to rebalance, via higher demand and lower growth in supply.