15 oil analysts project rising oil price in 2017

15 oil experts speaking to Norwegian media Finansavisen have projected a minimum price of USD 46.50 per barrel North Sea oil next year, while the average price came to USD 45 per barrel this year.

Photo: Hjalmar Otto Fjøsne/Aker Solutions

While the oil price in 2016 fell to the lowest level in more than a decade, the price could be facing better times next year according to estimates from 15 oil experts consulted by Norwegian business daily Finansavisen.

The experts project a minimum price for North Sea oil of USD 46.50 per barrel next year, compared to an average price of USD 45 per barrel this year. The most optimistic oil experts predict that the price could reach USD 75 per barrel.

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