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oil price

WTI likely to average $69 in 2019: report

WTI is expected to average $63 per barrel (/b) in 2019, said the Global Outlook for H1 2019 by Indosuez Wealth Management, the global wealth management division of Crédit Agricole. UAE &ldquo

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What if oil goes to $100?

Brent is expected to peak at $95 per barrel (/bbl) by the end of Q2 2019, said the Bank of America Merrill Lynch (BofAML), citing a forecast by Francisco Blanch and team and analysing the impact on  global growth of an even larger and more

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Brent crude oil price forecasted to hit $80 in 2019

Bank of America Merrill Lynch (BofAML) has lifted its average Brent crude oil price forecast for 2019 from $75 per barrel (/bbl) to $80/bbl compared to a Cal19 forward of $75, BofAML said in a report.  “Note that our pr

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Barclays hikes oil price forecast to $75 by 2020

Barclays, a British multinational investment bank and financial services company, has revised its Brent price forecast for 2020 markedly upward from $55 to $75 per barrel, it said in its latest Oil Special Report. Barclays remains

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Barclays hikes oil price forecast to $75 by 2020

Barclays, a British multinational investment bank and financial services company, has revised its Brent price forecast for 2020 markedly upward from $55 to $75 per barrel, it said in its latest Oil Special Report. Barclays remains

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IMF hikes Saudi Arabia’s 2018 growth forecast

The International Monetary Fund (IMF) has raised Saudi Arabia’s 2018 growth forecast to 1.9 per cent as against 1.7 per cent projected earlier on account of higher oil output amid firm crude oil prices and structural reforms, said a new re

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Upside price risks seen in oil during Q4: Barclays

US policymakers will likely play a more outsized role in guiding global oil prices than in recent memory, said Barclays, a British multinational investment bank and financial services company, highlighting that it flags the possibility of signif

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Brent to average $70 in 2018: BofAML

While Brent crude oil price forecast for 2018 remains at $70 per barrel (/bbl), it is expected to touch $90/bbl in the second quarter of 2019 due to a tight balance throughout next year, said the Bank of America Merrill Lynch (BofAML) in a new r

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Oil under pressure as Saudi, Russia may up output

Brent crude oil prices have come down in recent days from the highs of $80 per barrel (/bbl) posted on May 17 on news that Russia and Saudi Arabia may be looking to up production, said the Bank of America Merrill Lynch (BofAML) in a new report.

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Trump’s Iran deal pullout could hit more than just oil

US President Donald Trump’s decision to pull out of the Iranian nuclear deal could have much larger widespread implications than only an increase in the oil price, said a leading London-based market analyst. His decision wou

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