OPEC: Oil price may reach $40 in mid-year

OPEC expects oil price to make up $40 a barrel in the mid-2020, said Mohamed Arkab, Algeria's Minister of Energy and President of the OPEC Conference 2020, Report informs, citing TASS.

The Minister thinks that the crude price will rise to $35 a barrel in May and June.

Arkab added that such a tendency will be related to OPEC+ agreement to cut the output.