Kuwaiti Oil Minister Sees Crude at $40-$60 Over Next 3 Years

Reuters

KUWAIT, March 9 (Reuters) - Kuwait's acting oil minister said on Wednesday he expected oil prices of $40 to $60 a barrel over the next three years.

"I think we will see an indication of an increase in demand by end of this year and probably a little bit higher prices by 2017 and 2018," Anas al-Saleh told reporters in Kuwait.

"And the range is $40-$60 as an average over three years."

Brent crude futures were trading above $40 per barrel Wednesday.

(Reporting by Hadeel Al Sayegh and Ahmed Hagagy; Writing by Sylvia Westall; Editing by Mark Potter)

Copyright 2016 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Division Order Analyst - Midland
Expertise: Accounting|Customer Service|Lease Analyst
Location: Midland, TX
 
Natural SalesAccount Executive
Expertise: Business Development
Location: Houston, TX
 
Sales Engineer
Expertise: Electrical Engineering|Mechanical Engineering|Sales
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $49.59/BBL 0.30%
Light Crude Oil : $49.48/BBL 0.16%
Natural Gas : $1.96/MMBtu 1.50%
Updated in last 24 hours