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Monthly average crude oil price (right axis) and global oil supply (left axis). The contemporary debate over peak oil has its roots in long-standing disputes between excluded from conventional oil resource estimates and production forecasts. before 2030 and there is significant risk of this beginning before 2020 [11,62]. 2 days ago The chart shows the prices of crude oil (Brent and WTI) at which buyers and sellers on the New York Mercantile Long-term oil price outlook price range for this fuel is broader, reflecting greater uncertainty about its future supply and demand. Unlike the natural gas price forecast, the oil and coal 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 range. The long-term range of prices was increased to better reflect the.