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Mar 7, 2024 · Is oil a good investment? Find out the latest oil price forecast and analysis and stay up-to-date on trends, expert insights & factors influencing prices.
Mar 7, 2024 · Barring any unforeseen circumstances, Canada could be the largest source of increased oil supply across the globe in 2024. Canada should be able to capitalize on higher prices paid for our oil as well as the forthcoming ability to get Western oil reaching international markets.
Deloitte’s energy, oil, and gas price forecast takes many factors into account, including historical trends, future market changes, current supply and demand, and global geopolitical changes. We collect this information from many sources, such as industry publications, exchange markets, and government agencies.
Apr 3, 2024 · Calgary, April 3, 2024 – Global crude oil prices should remain relatively stable in 2024 but prices for Canadian producers are expected to rise once the Trans Mountain Expansion (TMX) pipeline project starts operating later this year, according to the latest forecast from Deloitte Canada’s Resource Evaluation and Advisory (REA) group.
Jun 7, 2024 · 1. OPEC+ Rolls Over Voluntary Cuts, Paves the Way for 2025 Return of Crude. - OPEC+ extended their 2.2 million b/d voluntary crude production through Q3 2024, however the group has also charted a...
December 31, 2023. Oil prices in 2023 were volatile as the market faced several uncertainties. Rising geopolitical tensions, which typically drive up prices as supply concerns overtake the market, did not move oil prices upward and expectations for softening demand growth—the EIA forecasts an increase in demand of.
Apr 19, 2024 · We forecast oil prices to average US$87.5/b in 2024 and US$80.8/b in 2025. A strengthening US dollar will exacerbate the impact of higher oil prices on inflation in many countries and increase balance-of-payments pressures, especially in developing markets.
