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Average oil prices

New Opportunities 2021: Some optimism for oil markets

  • OPEC+ has prevented oil prices from plummeting
  • There could be a travel boom after the pandemic
  • Issues with the vaccine would affect recent gains
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Dr. Carole Nakhle
It is astonishing that the average oil price for 2020 is around $42 per barrel – which is relatively high given the scale of the crisis
read more about it in the report
What's inside
  • OPEC+ has prevented oil prices from plummeting
  • There could be a travel boom after the pandemic
  • Issues with the vaccine would affect recent gains
Who will benefit?
  • Business leaders interested in oil markets
  • Policymakers researching energy policy
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