Goldman Sachs cut its oil forecast based on the coronavirus-induced decline in Published Tue, Mar 17 202011:32 AM EDT Updated Wed, Mar 18 20207:48 AM EDT This is Goldman's second cut to price forecasts in less than two weeks. Oil 2020 examines the key issues in demand, supply, refining and trade to 2025. the oil market outlook at the start of the forecast period covered by this report. Given its huge resource potential, it could produce even more if prices end up 22 Jan 2020 The West Texas Intermediate (WTI) spot is expected to average $59 (£45)/b in 2020 and $62 (£47)/b in 2021. Monthly average Brent prices rose Published: March 11, 2020 at 2:21 p.m. ET It also reduced its WTI oil price forecast by 31% to $38.19 a barrel and Brent oil price view by 29% to $43.30 this pa in real terms over the period to 2020, to US$100pb in 2008 prices, with nominal Brent crude forecast to climb to around US$100pb in 2015 and to about Kiplinger's latest forecast on the direction of crude oil, natural gas and motor fuel prices. March 9, 2020 Crude prices, which had already tumbled from $63 per barrel in early January to $40 last week, crashed by nearly 20% today on the
2 Mar 2020 More market predictions for the decade ahead; Four major factors in the fuel supply chain set to influence prices; Supply and demand dynamics, 29 Dec 2019 Opec's own forecast also points to a surplus in oil markets in 2020 with supply, particularly from non-Opec producers, outpacing demand.
Oil 2020 examines the key issues in demand, supply, refining and trade to 2025. the oil market outlook at the start of the forecast period covered by this report. Given its huge resource potential, it could produce even more if prices end up
Kiplinger's latest forecast on the direction of crude oil, natural gas and motor fuel prices. March 9, 2020 Crude prices, which had already tumbled from $63 per barrel in early January to $40 last week, crashed by nearly 20% today on the 3 Jan 2020 As such, BCA Research forecasts 2020 Brent prices averaging $70/bl, well above a consensus forecast of under $62.40/bl produced by over 50 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 31 Jan 2020 The 2020 outlook for West Texas Intermediate CLc1 rose to $58.22 a barrel from December's $57.70 forecast. (Graphic: OPEC output versus oil 11 Feb 2020 After averaging $65.06 per barrel in 2018 and $57.02 per barrel in 2019, the price of oil is now forecast to average $55.71 in 2020 and $62.03 in 3 Jan 2020 Our oil price prediction in 2019 was accurate (average crude prices for the year were $64 per barrel vs. our $65 per barrel prediction). In 2020 12 Jan 2020 We just finished a year in which oil prices rose by more than 30%. However, natural gas prices closed the year nearly 40% lower, emphasizing
5 Mar 2020 Two OPEC sources told Reuters that OPEC agreed to cut output by an extra 1.5 million barrels per day (bpd) in the second quarter of 2020 to Oil price analysis for February: coronavirus and oversupply to weight on the forecast. Valerie Medleva 07:24, 11 February 2020 Analysis · For traders News and 29 Nov 2019 The poll of 42 economists and analysts forecast Brent LCOc1 to average $62.50 a barrel next year, little changed from last month's $62.38 outlook 13 Feb 2020 For 2020 as a whole, IEA has reduced its global growth forecast by “The impact of Covid-19 for oil prices have been sharp: Brent values fell