Oil prices are set to exceed $100 per barrel in all three scenarios for global energy developments through 2050, with inflation and carbon prices potentially sending oil to $380 a barrel in 2050, Russia’s oil producer Lukoil said in its long-term energy outlook on Friday. The “Transformation” scenario of Russia’s second-largest producer behind Rosfnet assumes an aggressive phase-out of oil and gas and the most efficient and rapid development of renewable energy and electric transport.
In this scenario, the world’s…Lukoil: Here's How Oil Could Hit $380 Per Barrel In 2050
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