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Should OPEC provide discounts to Russia and if Putin's country agrees to reduce its output, we predict that oil prices may breach the $70 mark in 2018. Saudi Arabia loses influence, faces turmoil We predicted last year that turmoil would wash over Saudi Arabia in 2017 if the country continued to spend (and speed) through its cash reserves at rates unsustainable in the face of $50 oil prices.
The Oil Price forecast at the end of the month 69.36, change for December 6.2%. WTI oil price forecast for January 2022 . In the beginning price at 69.36 Dollars.
On May 10, 2018, global oil prices reached $80/b. On May 8, the United States pulled out of the Iran nuclear agreement and reinstated sanctions. It may also sanction companies who continue to deal with Iran. Investors believe Iran's oil supply will dwindle once sanctions are reimposed.
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025; 53.2: 56.9: 60.8: 65: 69.4: 74.1: 79.2: 84.6: 90.4: 96.7: 103.4
Analysts Raise 2018 Oil Price Forecasts After OPEC Deal. The extension of the OPEC and allies’ production cut deal through the end of 2018 is sending a stronger signal that the oil market rebalancing could speed up and send WTI oil prices to average $54.78 a barrel in 2018, up from a previous projection of $52.50,...
Prices. EIA expects Brent spot prices will average $72/b in 2018 and $71/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average about $6/b lower than Brent prices in 2018 and in 2019. NYMEX WTI futures and options contract values for November 2018 delivery that traded during the five-day period ending August 2, 2018,...