Skip to content


Asia Pacific

  • Africa

  • Egypt
  • Africa
  • (Algeria, Tunisia, Libya, Morocco, Nigeria, Kenya, Tanzania, South Africa)

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:

Oil prices may decline to $20/barrel: Morgan Stanley

by ChemOrbis Editorial Team -
  • 11/01/2016 (16:57)
According to media reports, Morgan Stanley reported that oil prices may decline to as low as $20/barrel, citing a stronger US dollar as the main reason behind their weak expectations.

The bank reportedly stated that a globally oversupplied market may have pushed oil prices below $60/barrel, but the further declines which have brought oil prices to below $35/barrel mostly stem from a stronger dollar.

In December, Goldman Sachs also renewed its prediction that oil prices may fall to as low as $20/barrel, which the investment bank earlier stated in September, attributing its prediction to oversupplied oil markets stemming from the Organization of Petroleum Exporting Countries’(OPEC’s) decision not to cut production.
Free Trial
Member Login