HOUSTON, April 12 (Xinhua) -- The U.S. Energy Information Administration (EIA) forecasted in a report on Tuesday that the global crude oil price will decline to below 100 U.S. dollars in 2023. In its April's Short-Term Energy Outlook, the EIA said Brent crude oil price will average ...
Goldman Sachs on Sept. 27 cut its 2023 oil price forecast due to expectations of weaker demand and a stronger U.S. dollar, but said the ongoing global supply disappointments only reinforced its long-term bullish outlook. Goldman’s commodities research division lowered the forecast for ...
We therefore continue to expect oil prices to move above USD 100/bbl over the coming months, with Brent trading at USD 110/bbl at mid-2023 and end 2023 (WTI USD 107/bbl). Given our positive price outlook, we reiterate our investment recommendations. With the oil futures curve downward slo...
oilfield services reported its best performance for the 2023 to 2024 period in the past 34 years.4Additionally, some companies are engaging in increased investments in low-carbon technology projects to help balance the risks associated with the traditional oil and gas market. These investments will ...
2023 oil and gas M&A outlook: Pivoting for changeDownload the report Key highlights: What’s the insurance M&A news for 2023? Debt-funded deals Only 7% of O&G deals are funded by debt, suggesting a reluctance to undertake debt thereby minimizing the impact of interest rate hikes. ...
Internationally, the Brent crude oil price is expected to average $95.33/b in 2023, according to the Energy Information Administration's (EIA) Short-Term Energy Outlook released on November 2022. This is up from an annual average of $70.89 in 2021 and 102.13 in 2022.1West Texas Intermediate...
In its first Short-Term Energy Outlook of the year, the EIA laid out its oil price outlook for the next two years. After averaging $82/bbl in 2023, Brent is forecast to average $82/bbl in 2024 and $79/bbl in 2025 because of expectations that global supply and demand of petroleum ...
Overview Crude oil benchmarks Crude oil prices by select country Gasoline prices by select country OutlookThe most important statistics Weekly oil prices in Brent, OPEC basket, and WTI futures 2023-2024 Brent crude oil price annually 1976-2024 Monthly crude oil price average for Brent 2022-2024 ...
OPEC oil price annually 1960-2024 Published byStatista Research Department,Dec 9, 2024 The preliminary 2024 OPEC oil price stood at 80.48 U.S. dollars per barrel, as of November. This would be lower than the 2023 average, which amounted to 82.95 U.S. dollars. The abbreviation OPEC stands ...
Tom has asked me to give my thoughts on oil for the coming year, and whilst I am still bullish on it, things certainly aren’t very clear at the moment with so many different factors in play. It is a curate’s egg. Or maybe rather better than that.