Forecasts

Auto Added by WPeMatico

EIA Cuts World Oil Demand Forecast for 2024, Hikes Output Expectations

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil / By

World oil demand is expected to grow lesser this year than earlier estimates and output should grow faster than thought previously, resulting in a more balanced market, the U.S. Energy Information Administration (EIA) said on Tuesday. The agency hiked its production forecasts from regions outside the Organization of Petroleum Exporting Countries (OPEC), while also lowering …

EIA Cuts World Oil Demand Forecast for 2024, Hikes Output Expectations Read More »

Goldman Sachs Hikes Brent crude Forecasts for 2024 and 2025

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

Goldman Sachs on Thursday raised its Brent crude oil price forecasts, projecting $86 a barrel for the second half of 2024, up from $85 previously, and $82 for 2025, up from $80.It said prices were likely to stay at the higher end of its forecast range, citing disappointing U.S. supply and a likely sticky geopolitical …

Goldman Sachs Hikes Brent crude Forecasts for 2024 and 2025 Read More »

Morgan Stanley Lifts Q3 Brent Crude Oil Forecast on Geopolitical Risk

CDN and International News, Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil / By

Morgan Stanley has raised its Brent crude oil price forecast for the third quarter of this year by $4 per barrel to $94, citing geopolitical risks. “That the degree of geopolitical risk in key oil producing regions has increased recently seems clear and uncontroversial,” the bank said in a note dated Monday. Brent futures rose …

Morgan Stanley Lifts Q3 Brent Crude Oil Forecast on Geopolitical Risk Read More »

Odds of $100 Oil Rise as Supply Shocks Convulse the Market

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

Intensifies fears of commodity-driven inflation resurgence Bloomberg News When oil prices jumped above US$90 a barrel just days ago, military tensions between Israel and Iran were the immediate trigger. But the rally’s foundations went deeper — to global supply shocks that are intensifying fears of a commodity-driven inflation resurgence. A recent move by Mexico to slash its …

Odds of $100 Oil Rise as Supply Shocks Convulse the Market Read More »

Raymond James Expects Global Oil, Gas Upstream Capex Spending to Rise 3% in 2024

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Natural Gas, Oil, US News / By

Brokerage Raymond James says its global industry survey of upstream oil companies shows an uptick of 3% in capex spending in 2024, plateauing after 2023. ** Says global spending in 2024 would mark a fourth consecutive increase, albeit the slowest one – there is, however, a cumulative drop of 33% from the peak level of …

Raymond James Expects Global Oil, Gas Upstream Capex Spending to Rise 3% in 2024 Read More »

BofA Hikes 2024 Oil Forecasts on Tighter Supply, Geopolitical Risks

Conventional Energy, Energy Topics & Technology, Forecasts, Latest, Oil, US News / By

Bank of America (BofA) Global Research has raised its 2024 Brent and WTI oil price forecasts, citing escalating geopolitical tensions and the OPEC+ producer group maintaining supply curbs. The bank now expects Brent and WTI crude prices this year to average $86 and $81 per barrel respectively, with prices of both peaking around $95 per …

BofA Hikes 2024 Oil Forecasts on Tighter Supply, Geopolitical Risks Read More »

Subscribe
Subscribe