EIA forecasted an increase in OPEC production which has not happened and instead further cuts may have to happen to keep prices from collapsing. EIA’s forecast of higher production right to the end of 2024 is suspect given the tension right now. OPEC countries would likely not go againstPrinc...
Barclays revised 2024 brent oil price forecast to $93/b, citing demand concerns. Despite recent global oil price declines, Barclays suggests that the sell-off might be excessive. Platts' assessment of the Dated Brent crude benchmark on Nov. 7 stood at $84.71/b, influenced by weakening demand...
After Saudi Arabia and other major oil producers announced voluntary production cuts, crude oil bull Goldman Sachs has raised its forecast for Brent crude oil prices by the end of 2023 from $90 to $95, and by the end of 2024 from $97 to $100. After Saudi Arabia and other major oil pr...
Goldman Sachs recentlycutits oil price forecast for 2024 to between $70 and $90 per barrel of Brent. Previously, the bank had expected prices between $80 and $100 per barrel. As a single number, Goldman's analysts expected an average Brent price of $92 before the latest revision, Bloomber...
Oil prices have generally trended downward in recent weeks due to concerns over slowing global demand and increased supply from producers outside the OPEC+ alliance, which comprises OPEC and its allies. International crude benchmark Brent has traded slightly above 70 U.S. dollars per barrel for ...
Oil prices exhibited volatility through the year, but found support on the back of ongoing production cuts from OPEC+ and steady demand recovery in key economies. US oil production isforecast to average13.2 million barrels a day in 2024, reflecting resilience despite challenges such as declining ri...
石油2024报告--分析和预测到2030年 Oil2024(英文原版).pdf,Oil 2024 Analysis and forecast to 2030 INTERNATIONAL ENERGY AGENCY The IEA examines the IEA member IEA association full spectrum countries: countries: of energy issues including oil, gas and Austra
Oil prices have generally trended downward in recent weeks amid concerns over slowing global demand. Early this month, eight member countries of OPEC+, a group comprising OPEC and its allies, announced an extension of their voluntary oil production cuts by a month until the end of December.■...
OPEC’s revised forecast still sits at the higher end of industry estimates, with oil prices remaining steady above $80 a barrel following the report’s release. The organization also reduced its demand growth estimate for next year to 1.78 million bpd from the previously expected 1.85 million ...
Oil prices have generally trended downward in recent weeks amid concerns over slowing global demand. Early this month, eight member countries of OPEC+, a group comprising OPEC and its allies, announced an extension of their voluntary oil production cuts by a month until the end of December....