- Oil prices are not expected to decline in the second half of 2015
Market news
19 May 2015
Oil prices are not expected to decline in the second half of 2015
Kuwait OPEC Governor Nawal al-Fuzaia said on Monday that global crude oil prices are not expected to decline in the second half of 2015.
"It is expected that there will be some sort of a balance in the oil market in the second half of 2015 which will support prices," he said.
Nawal al-Fuzaia noted that it is too early to talk about OPEC's supply decision. Next OPEC's meeting is scheduled to be on June 05.
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