World Oil Supply And Price Outlook, January 2020 Posted on January 16, 2020 January 15, 2020 by Robert Boslego The Energy Information Administration released its Short-Term Energy Outlook for January, and it shows that OECD oil inventories likely bottomed last June 2018 at 2.800 billion barrels. WTI Crude Oil Price Analysis for January 6, 2020 By Katrina Ang January 6, 2020, 4:24 am • Posted in Commodities WTI crude oil has broken above the top of its descending triangle pattern to 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. This would boost crude oil demand by additional 1.5 million bpd, potentially sending oil prices to $90 a barrel in 2020, according to Morgan Stanley.
22 Jan 2020 The EIA adds: “Further increasing the geopolitical risk premium on global oil prices, the US military action in Iraq in January 2020 increased 4 Feb 2020 WTI crude and Brent crude are both near bear markets in 2020, with declines WTI hit its lowest settle price since January 2019 and has been 6 Jan 2020 What's Affecting Oil Prices This Week (January 6, 2020)?. Stratas Advisors expect Brent to average close to $69/bbl in the week ahead as both 27 Jan 2020 What's Affecting Oil Prices This Week (January 27, 2020)?. For the week ahead, Stratas Advisors expect Brent to continue to struggle, likely
Oil prices will average $61/b in 2020 and $68/b in 2021. By 2050, the price is forecast at $85/b. EIA forecasts Brent crude oil prices will average $43/b in 2020, down from an average of $64/b in 2019. For 2020, EIA expects prices will average $37/b during the second quarter and then rise to $42/b during the second half of the year. In its January 2020 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that average U.S. natural gas prices will be 9% lower in 2020 than in 2019. EIA expects lower natural gas prices will be the result of continued production growth primarily in response to the following factors: Posted on January 16, 2020 January 15, 2020 by Robert Boslego The Energy Information Administration released its Short-Term Energy Outlook for January, and it shows that OECD oil inventories likely bottomed last June 2018 at 2.800 billion barrels. The US Energy Information Administration (EIA) forecasts Brent crude oil spot price will average $65 (£50) per barrel (b) in 2020 and $68 (£52)/b in 2021. The 'biggest change in oil market history' is less than six months away. On January 1, 2020, the International Maritime Organization (IMO) will enforce new emissions standards designed to significantly curb pollution produced by the world's ships. West Texas Intermediate (WTI) and Brent crude oil futures finished lower for the fifth consecutive trading day Monday. The February WTI contract lost 96 cents to settle at $58.08 per barrel.
Iran attack: Oil prices recede after rise on Iraq missile attacks. 8 January 2020 Oil prices have receded, after rising following an Iranian attack on two bases
coronavirus' negative impact on economic growth and global oil demand. Övünç Kutlu | 31.01.2020. Oil prices head for biggest monthly decline since May 16 Jan 2020 The EIA released its Short-Term Energy Outlook for January, and it shows that OECD oil inventories likely bottomed last June 2018 at 2.800