Oil price forecast for 2020, 2021, 2022 and 2023. Crude oil predictions and projections. Price trend by month. Detailed forecast table. Crude oil Brent price The average for the month 27.17. The Oil Price forecast at the end of the month 27.11, change for September -0.9%. Brent oil price forecast for October 2020. In the beginning price at 27.11 Dollars. High price 27.68, low 26.86. The average for the month 27.23. The Oil Price forecast at the end of the month 27.27, change for October 0.6%. In that report, it forecast oil demand next year at 102 million barrels a day, and production from non-OPEC countries plus condensates from OPEC at 71.9 million barrels. That, effectively, will leave a gap for OPEC crude to fill of just 30.1 million barrels, close to the cartel’s current production. Oil prices will average $61/b in 2020 and $68/b in 2021. By 2050, the price is forecast at $85/b. 6 days Major Bank Slashes Oil Price Forecast By $16. 6 days US Goes After Iran’s Floating Oil Storage. 7 days Standard Chartered Slashes WTI Oil Price Forecast To $32. The US oil supply forecast for December 2020 is revised down by 0.5 million bpd to 14.0 million bpd, which represents a yearly addition of 1.15 million bpd, according to the independent energy
4 Mar 2020 Price Cut. The impact on oil prices is expected through this year. Because global gross domestic product growth has faded, BofA Global 22 Jan 2020 In the U.S. Energy Information Administration's (EIA) January Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot 4 Mar 2020 It also slashed its oil price forecasts, expecting Brent to trough in April at $45/b before gradually recovering to $60/b by the end of the year.
Now that the demand outlook has weakened, prices have moved significantly down. From the point of view of the producers, before the Covid-19 crisis the market 1 Mar 2020 On March 9, Brent crude oil front-month futures prices fell below $35/b, a 24% daily decline and the second largest daily price decline on record. The report forecast that this imbalance would persist in the future, leading to continued upward pressure on oil prices, and that 4 Mar 2020 Price Cut. The impact on oil prices is expected through this year. Because global gross domestic product growth has faded, BofA Global 22 Jan 2020 In the U.S. Energy Information Administration's (EIA) January Short-Term Energy Outlook (STEO), EIA forecasts that the Brent crude oil spot 4 Mar 2020 It also slashed its oil price forecasts, expecting Brent to trough in April at $45/b before gradually recovering to $60/b by the end of the year.
Read the latest news about oil and the oil markets. Precision Drilling's outlook turns negative after Saudis start price war. Add to Playlist. Subscribe to BNN 25 Jan 2020 EIA forecasts Brent crude oil spot prices, the international benchmark, will average $65 per barrel in 2020, compared with an average of $64 in
3 Jan 2020 Crude oil prices in 2019 averaged US$63 per barrel, a drop from $70 in its most recent report in October forecast global economic growth for Get in-depth information about Crude Oil WTI Futures including Price, Charts, Technical Analysis, Historical data, Reports and Reuters; Mar 16, 2020 19:48. Get the API Weekly Crude Oil Stock results in real time as they're announced and see the immediate global market impact. Release Date, Time, Actual, Forecast, Previous By Alex Ho Investing.com - Oil prices continued their rise on Wednesday Wall Street pounded as trading resumes By Reuters - Mar 18, 2020 19. The energy complex on Tuesday settled mixed with WTI crude and Brent crude falling to new 4-year lows. A stronger dollar on Tuesday weighed on crude prices Theset tables shows the Annual Average and Monthly Average Crude Oil Prices plus their inflation adjusted prices adjusted to a February 2019 base. Wood Mackenzie is pleased to introduce our 'oil price outlook' landing page. The page provides our latest coverage of the global Read More & Buy Now. Eleven States Have Gas Price Average of $2/Gallon or Less As crude oil prices trend close to $30/bbl, Americans are seeing pump prices plummet across the