Brent oil price outlook 2020
8 Oct 2019 Overall, EIA forecasts Brent crude oil prices will average $60/bbl in 2020, $2/bbl less than in the September STEO. EIA is making this forecast 21 Feb 2020 Swiss investment bank UBS trimmed its Brent oil price forecast for 2020 Friday but said it saw the market recovering from the third quarter as 4 Mar 2020 March 4, 2020. A 20 percent plunge in oil prices this year since the coronavirus Facing this grim outlook, the delegates would seem to have little Reuters reported, sending prices for Brent crude down by more than 1 3 Dec 2019 According to the oil price prediction consensus compiled by Bloomberg, Brent crude is expected to average $64 per barrel this year, $60.1 per 14 Feb 2020 Goldman Sachs and the Energy Information Administration (EIA) have cut their forecast for 2020 crude prices. Coronavirus and the sharp 17 Dec 2019 [BENGALURU] JPMorgan on Tuesday raised its oil price outlook and its Brent price forecast to US$64.5 per barrel in 2020 from US$59 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
This statistic illustrates the price of the crude oil grade Brent Crude for the period between January 2019 to January 2020, in average monthly values.
Brent North Sea oil comes from Northwest Europe and is the benchmark for global oil prices. The EIA forecasts that WTI will be $38.19/b in 2020, and $50.36/b in 2021. That makes the Brent-WTI spread $5.11/b in 2020 and $5.00 in 2021. The government agency forecast an average WTI price of $56.31 a barrel for this year, down 2.7% from the forecast issued in August. For 2020, it forecast $56.50, down 5% from the previous forecast Earlier this month, Fitch Solutions Macro Research (FSMR) also revised down its Brent oil price forecast for 2020. FSMR now sees Brent averaging $62 per barrel this year, which marks a $3 drop Brent decreased 34.41 USD/BBL or 51.83% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Brent crude oil reached an all time high of 147.50 in July of 2008. 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025; 53.2: 56.9: 60.8: 65: 69.4: 74.1: 79.2: 84.6: 90.4: 96.7: 103.4 In its latest Oil Market Report, the agency predicts that demand will grow by 1 million barrels per day (mb/d) in 2019 and 1.2 mb/d in 2020, both of which are downward revisions by 100,000 bpd
21 Feb 2020 Swiss investment bank UBS trimmed its Brent oil price forecast for 2020 Friday but said it saw the market recovering from the third quarter as
7 Jan 2020 Brent crude had gained 4% over the two trading days following a U.S. suffice it to say that our baseline oil price forecast for 2020—$65 WTI,
7 Jan 2020 Brent crude had gained 4% over the two trading days following a U.S. suffice it to say that our baseline oil price forecast for 2020—$65 WTI,
17 Dec 2019 [BENGALURU] JPMorgan on Tuesday raised its oil price outlook and its Brent price forecast to US$64.5 per barrel in 2020 from US$59
The government agency forecast an average WTI price of $56.31 a barrel for this year, down 2.7% from the forecast issued in August. For 2020, it forecast $56.50, down 5% from the previous forecast
9 Mar 2020 Barclays on Tuesday slashed its oil price forecasts for 2020, citing The bank lowered its 2020 Brent price forecast to $43 per barrel and West
7 Jan 2020 Brent crude had gained 4% over the two trading days following a U.S. suffice it to say that our baseline oil price forecast for 2020—$65 WTI, 22 Nov 2018 While the crude market is currently focused on whether the Organization of the Petroleum Exporting Countries (OPEC) in December will decide 3 Mar 2015 The International Energy Agency's Medium Term Oil Market Report 2015 included an interesting graph Fig 1: US and Russian oil production changes 2009-2020 Fig 4: US crude oil and NGLs IEA forecast Feb 2015. Brent oil price forecast for March 2020. In the beginning price at 58.90 Dollars. High price 60.50, low 58.72. The average for the month 59.43. The Oil Price forecast at the end of the month 59.61, change for March 1.2%. Oil Price forecast for April 2020. In the beginning price at 59.61 Dollars. It is expected a 1 million bpd global demand growth—the same as its September forecast. JP’s new forecast for the Brent crude oil benchmark is $64.50 per barrel for next year, up from earlier EIA forecasts balances to tighten later in 2020 and expects Brent prices to rise to an average of $62/b in the second half of next year. The resulting forecast average price in 2020 is $60/b, $2/b lower than forecast in the September STEO. EIA’s October forecast recognizes a higher level of oil supply disruption risk than previously assumed,