EIA forecasts lower crude oil prices despite tighter global liquid fuels balances

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The U.S. Energy Information Administration (EIA) forecasts lower crude oil prices in the fourth quarter of 2019 and in 2020 despite tighter global balances. The tighter balances are largely the result of unprecedented short-lived loss of global supply following the September 14 attacks on crude oil production and processing infrastructure in Saudi Arabia, EIA said […]

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Fitch Ratings updates oil price, lowers gas price assumptions

Increased geo-political tensions and economic uncertainty are likely to contribute to oil price volatility, Fitch Ratings said, but added that its year-average base-case expectations remain unchanged. “We have lowered our natural gas price assumptions, reflecting reduced marginal production costs in the US and increased LNG supplies globally,” it said in a statement. The toughened sanctions […]

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Oil prices to be lower in 2019 on slower-than-expected global growth, rising non-OPEC supply – World Bank

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Crude oil prices are expected to average $66 a barrel in 2019 and $65 a barrel in 2020, a downward revision from the October forecast due to the weaker-than-expected global growth outlook and greater-than-anticipated U.S. production, the World Bank said. Metal prices are expected to continue a recovery in 2019 that follows a sharp drop […]

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