Last week’s bump in crude prices could be short-lived at best, and the prospects of a recovery apparently lie years in the future, according to consultants and analysts RBN Energy Inc.

Crude oil prices dropped 28 percent in the three weeks of the year before closing up $2.66 per barrel on Friday. Oil prices underwent a similar slippage in 2015 before recovering.

That is unlikely to be repeated this time around, according to RBN. The major reason is that the world is producing around 1 million barrels more per day than demand, and the 500,000 barrels Iran will return to the market isn’t going to help.

There is little to suggest the growing surplus of oil will be soaked up by new demand in the near term, and futures prices of oil remain bearish six and seven years out, according to RBN.