With oil stock balances next year looking softer and costs coming down, the commodity will trade at $55 and $61 per barrel during 2016 and 2017, respectively, said the Bank of America (BofA) Merrill Lynch in a report.
According to Bloomberg, the Saudi government is conducting a review of capital spending plans with advisors, said an industry expert, adding that the government is looking to delay or shrink some infrastructure projects, and may be contemplating
At more than $100 a barrel, peak global oil demand was scheduled for 2025, but it is now on ice if oil stays at $50 to $70 for over five years, a report said, warning that continued high prices may have led to zero global demand growth.
While 2014 has been another year of soft growth and low inflation, the big story for 2015 is inflation or, more precisely, the lack thereof, a report said.
The low inflation-high liquidity story is far from over, added the recent
Investors boosted their overweight cash positions to the highest level in more than a year in September as economic uncertainty and low risk appetite encouraged them to seek safety, a survey showed.
The monthly fund managers' survey from B