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Brent oil to stay above $80 barrel by year-end: BloombergBrent oil is expected to be above $80 a barrel at the end of 2024, the price Opec+ seems to be targeting as a floor, according to the majority (53 per cent) of respondents to Bloomberg Intelligence's February oil-price survey, with only 5 More… |
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Fitch Ratings raises oil price assumptions for 2024-2025Fitch Ratings has increased its oil price assumptions for 2024-2025 on the expectation that geopolitical issues will extend the period before prices moderate towards lower, long-term levels. It has also r More… |
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Brent to average $101/b in 2023: MUFGMUFG Global Markets Research has forecast Brent breaking north of $100/barrel again by the summer and averaging $101/barrel this year. “We are tactically cautious but structurally bullish on oil in 2023 a More… |
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War and sanctions upend global commodity marketsCommodities, with a few exceptions, have rallied strongly since President Putin ordered the attack on Ukraine, thereby triggering a change in the market from worrying about tight supply to actually seeing supply disappear. With Ru More… |
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Brent could average $60 to $80/bbl to 2027, says reportBrent prices will need to average $60 to $80/bbl to keep the global oil market in balance out to 2027, says a BofA Global Research report. The report says it expects more energy price inflation and more v More… |
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Supply constraints may drive oil to $100: MUFGFactors such as tepid Opec+ production hikes, gas-to-oil substitution, China’s power crunch and the inability of producers outside Opec+ to meet surging demand could well spur oil prices towards $100 per barrel (/b), a report said. More… |
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Oil hits 3-year high at $78 as gas market tightensGlobal energy prices are spiking on a tight global gas market ahead of winter, pushing Brent above $78 per barrel (/bbl), a three-year high helped by falling distillate stocks in EMEA and rising crack spreads, a report said. Deple More… |
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Gas crunch could drive oil to hit $85 this winter: MUFGWhile global gas prices have surged driven by a myriad of events, the knock-on effects of gas crunch may lead to an even tighter physical oil market, and a transitory price spike above $85 per barrel (/b) in the fourth quarter (Q4) of 2021 More… |
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Gas crunch could drive oil to hit $85 this winter: MUFGWhile global gas prices have surged driven by a myriad of events, the knock-on effects of gas crunch may lead to an even tighter physical oil market, and a transitory price spike above $85 per barrel (/b) in the fourth quarter (Q4) of 2021 More… |
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Oil likely to retreat to $64 by year-end: MUFGBrent is expected to regress lower from $75 per barrel (/b) in the second-quarter (Q2) to end Q3 and Q4 2021 at $73/b and $64/b, respectively, and to average $58/b in 2022, a report said. The balancing of cyclical demand headwinds More… |
