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$90 per barrel
- Goldman Sachs raised its forecast for year-end Brent crude oil prices to $90 per barrel from $80, as a faster fuel demand recovery from Delta variant and Hurricane Ida's hit to production led to tight global supplies.
www.reuters.com/business/energy/goldman-expects-oil-prices-hit-90-by-year-end-supply-tightens-2021-09-27/Goldman expects oil prices to hit $90 by year-end as supply ...
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Oct 14, 2021 · Oil prices are scaling multi-year highs as a shortage of natural gas, LNG and coal boosts demand for oil, which could keep the market in deficit through at least the end of the year. Brent crude futures rose by more than $10/bbl to surpass $83/bbl, while WTI traded above $80/bbl at the time of writing.
Jan 4, 2022 · Crude oil prices increased in 2021 as increasing COVID-19 vaccination rates, loosening pandemic-related restrictions, and a growing economy resulted in global petroleum demand rising faster than petroleum supply.
US output is rising amid stronger oil prices. World oil supply is set to rise 1.5 mb/d over November and December, with the US providing 400 kb/d of the gain. Saudi and Russia combined would account for 330 kb/d in line with OPEC+ targets. Total oil supply had already leapt 1.4 mb/d m-o-m in October after the US rebounded from Hurricane Ida.
Jul 2, 2021 · Oil prices surged more than 45% in the first six months of 2021, rallying toward $80 a barrel for the first time in more than two and a half years. Analysts on Wall Street believe there is...
Oil price outlook surveys 2016 through 2021 Summary of forecasts and realised values Participants asked to forecast average price in current year and four subsequent years
By monitoring the key indicators of oil supply and demand, such as oil rig counts and activities, the energy investment outlook and crude oil price forecasts, our team of experts will share market intelligence to guide your strategic decisions.
Dec 14, 2021 · Global oil demand is now set to rise by 5.4 mb/d in 2021 and by 3.3 mb/d in 2022, when it returns to pre-pandemic levels at 99.5 mb/d. Global oil production is poised to outpace demand from December, led by growth in the US and OPEC+ countries.
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