Oil and Gas Markets to 2025 - LUKoil

... evolutionary (e.g. better engines/tires) in contrast to radical revolutionary changes (e.g. new sources of fuel) as technology is near its peak and it will now slowly tidy up the small margins for a total consumption reduction of 30% by 2025. Overall, LUKoil forecast that BRENT oil prices in US/bbl will incur a steady rise until 2025. Only exception is a possible dip in the next year or two as we recover from the global economic meltdown. By 2025 prices could hit in the region of $140 and importantly remain ...