Oil prices expected to trade around $60-$70 through 2020:

12 Jan 2018   Prices

Oil prices are expected to remain close to current levels, averaging around $60 to $70 per barrel through the end of the decade, according to the annual survey of energy professionals conducted by Reuters. Forecast prices have changed very little since the last survey a year ago, and are only modestly higher than in the first survey conducted in 2016, when spot prices were much lower than they are today and near the bottom of the cycle. Long-term price expectations have become anchored around $70 per barrel – with forecasts clustered in a range of $60-$70 for 2018 widening to $60-$80 by 2020 ( tmsnrt.rs/2DjWDNK ). The results are based on a questionnaire sent to over 7,000 energy market professionals. Responses were received from just over 1,000 between Jan. 9 and Jan. 11. Brent prices in 2018 are expected to average $65 per barrel, which is […]

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