Could Oil Prices Hit $80 Per Barrel?

It could hit USD 100 and above. 2020 was a crazy year for the oil industry and many fields with questionable economics have cut back. I don’t know how long it will take to crank things up again but new field development has taken a serious hit as well. Oil is still a long-term business which means that covering future needs requires work today. And we are talking about developments that take many years. How many of those have been killed last year?

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