MED 2020

  • El Molla Expects Oil Prices to Average Around $50/bbl in 2021

    El Molla Expects Oil Prices to Average Around $50/bbl in 2021

    Tuesday, 1st December 2020

    Oil prices are expected to remain at $50 per barrel (bbl) until the end of 2021 when a vaccine is available, Minister of Petroleum and Mineral Resources, Tarek El Molla, stated during the sixth edition of the Mediterranean Dialogue (MED) titled “Beyond the Shock: Rethinking the Energy Industry after COVID-19”.