Despite the calls for calm, upgraded price forecasts and worst-case scenarios for supply from the North African producers are grabbing the headlines and bolstering the position of the bulls. One of the most aggressive calls came from Nomura's Michael Lo who forecast crude futures prices ...
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OPEC's recent plan to cut oil production by 1.2 million bpd by the end of the year led the U.S. Energy Information Administration (EIA) to raise its oil price forecast for 2023 by 2.5%. OPEC's recent plan to cut oil production by 1.2 million bpd by the end of th...
largest oil producer. In fact, it's the U.S.'s main supplier, as it sends about 2 million barrels of oil a day to its southern neighbor. Since Canadian dollars are needed to purchase and move oil across the border, the demand for oil tends to have a direct impact onUSD/CADprice ...
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What’s Affecting Oil Prices This Week? (Dec. 14, 2020) Better times ahead—but not there yet, Stratas Advisors says in its latest oil price forecast. [Editor’s note: This report is an excerpt from theStratas Advisorsweekly Short-Term Outlook service analysis, which covers a period of ...
What’s Affecting Oil Prices This Week? (Nov. 9, 2020) An extra bucket of cold water—the Convent refinery shutdown in Louisiana by Shell is more meaningful than it seems, Stratas Advisors says in its latest oil price forecast. Jaime Brito, Stratas Advisors...
Oil Price Forecast 2025 to 2050 The EIA predicts that by 2025 Brent crude oil's nominal price will rise to $67/b (in 2021 dollars). By 2030, world demand is seen driving Brent prices to $79/b. By 2040, prices are projected to be $84/b. By then, the cheap oil sources will have...
“Even further escalation in the conflict may not necessarily lead to supply disruptions,” said Kim Fustier, head of European oil and gas research at HSBC, which has maintained its Brent forecast of $82.50 a barrel for this year. “I have trouble believing that things would escalate to the...
WTI oil prices were down this morning (Wednesday) to a low of $97.06 for September contracts, after the Energy Information Administration (EIA) reduced its 2014 price forecast yesterday. Citing increased oil production in the United States, the EIA...WTI Oil Prices Down T...