Avery Schumer
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Avery Schumer in Commodities,

IEA Projects $80 Oil By 2020

The IEA’s newest projections call for $80/bbl oil by 2020.

The agency projects that emerging markets will drive global oil demand to 103.5 million bpd by 2040.

The IEA projects that oil investment cuts will spill over into 2016.