23 Apr 2019 Oil prices to be lower in 2019 on slower-than-expected global growth, and $65 a barrel in 2020, a downward revision from the October forecast due Countries (OPEC) and partners extend production cuts, the impact of the 11 Feb 2020 The EIA forecast for OPEC crude oil production is now 28.9 million barrels per day on average for all of 2020, about 300,000 barrels per day 13 Feb 2020 “The impact of Covid-19 for oil prices have been sharp: Brent values fell by IEA's forecast for non-OPEC supply growth in 2020 is steady at 2 9 Dec 2019 SINGAPORE (BLOOMBERG) - Goldman Sachs raises 2020 Brent spot price to US$63 a barrel from US$60 previously, according to emailed 10 Dec 2019 Last week, Goldman Sachs increased its target on oil prices, but only for the doubts about the long-term survival of the alliance between OPEC and a few average $63 per barrel and $58.5 per barrel, respectively, in 2020. 17 Dec 2019 JPMorgan on Tuesday raised its oil price outlook and forecast supply-demand balance to tighten next year against the backdrop of the Opec
22 Jan 2020 The US Energy Information Administration (EIA) forecasts Brent crude oil spot price will average $65 (£50) per barrel (b) in 2020 and $68 (£52)/b
11 Mar 2020 The expected flood of supplies has tanked oil prices -- which OPEC lamented in its report. "The recent decline in oil price could not have OPEC concludes the cut deal in 2020 and grows slowly, offsetting disruptions in Iran, Venezuela and Libya. Post-2020, sluggish demand drives a new price 6 days ago "EIA forecasts OPEC crude oil production will average 29.2 million barrels per day (bpd) from April through December 2020, up from an average Mar 14, 2020 12:00 AM -07:00 Crude oil prices may fall if FOMC rate decision and outlook spook markets amid stock selloff; OPEC price war may continue to ravage oil markets as both Russia and Saudi Arabia dig in; Deteriorating global
9 Dec 2019 SINGAPORE (BLOOMBERG) - Goldman Sachs raises 2020 Brent spot price to US$63 a barrel from US$60 previously, according to emailed
11 Mar 2020 The expected flood of supplies has tanked oil prices -- which OPEC lamented in its report. "The recent decline in oil price could not have OPEC concludes the cut deal in 2020 and grows slowly, offsetting disruptions in Iran, Venezuela and Libya. Post-2020, sluggish demand drives a new price
Oil Market Report - February 2020 - Analysis and key findings. as lower supply from OPEC was offset by a 2.1 mb/d increase in non-OPEC production. Now that the demand outlook has weakened, prices have moved significantly down.
17 Dec 2019 JPMorgan on Tuesday raised its oil price outlook and forecast supply-demand balance to tighten next year against the backdrop of the Opec 22 Jan 2020 The US Energy Information Administration (EIA) forecasts Brent crude oil spot price will average $65 (£50) per barrel (b) in 2020 and $68 (£52)/b 3 Dec 2019 oil production cuts by OPEC in 2020, Rystad Energy forecasts a a balanced market and ensure a stable oil price environment in 2020,” 2 Aug 2017 Building a better crude oil price outlook model by dissecting the EIA AEO report. Demand trends driven by technology, consumption and Plunging price forecasts are also coming amid reports of a possible increase in production by the OPEC kingpin from its current 9.7 million barrels per day (bpd) to more than 10 million bpd. Oil prices will average $61/b in 2020 and $68/b in 2021. By 2050, the price is forecast at $85/b. OPEC, in the report, lowered its forecast for world economic growth in 2020 to 3.1% from 3.2% and said next year’s increase in oil demand would be outpaced by “strong growth” in supply from
Oil prices will average $61/b in 2020 and $68/b in 2021. By 2050, the price is forecast at $85/b.
OPEC’s World Oil Outlook (WOO) is part of the Organization’s commitment to market stability. The publication is a means to highlight and further the understanding of the many possible future challenges and opportunities that lie ahead for the oil industry. Brent crude oil spot prices averaged $59 per barrel (b) in August, down $5/b from July and $13/b lower than the average from August of last year. EIA forecasts Brent spot prices will average $60/b in the fourth quarter of 2019 and $62/b in 2020. As of June 2017: The basket price includes the Equatorial Guinean crude "Zafiro". As of June 2018: The basket price includes the Congolese crude "Djeno". As of January 2019: The basket price excludes the Qatari crude "Qatar Marine". Largest Oil Glut In History Could Force Crude Prices Even Lower The oil market is heading for the largest ever crude glut in the first half of 2020, which could be… Oil Falls Into $20 Range As The Plunging price forecasts are also coming amid reports of a possible increase in production by the OPEC kingpin from its current 9.7 million barrels per day (bpd) to more than 10 million bpd.