Brent Crude prices will average in the $60s per barrel this year, the majority of industry experts said in a poll carried out by Gulf Intelligence at the recent IP Week oil conference. A total of 53 percent of respondents see Brent Crude averaging in the $60s—the price at which the international benchmark has been holding for most of the past two months. A third of survey respondents are more bullish on oil prices, with 33 percent expecting Brent to average in the $70s in 2019. Just eight percent forecast the average Brent price in the $50s, five percent see it in the $80s or above, and only one percent in the $40s or lower. Last year, Brent Crude averaged $71.34 a barrel, up from $54.71 in 2017. Asked about the OPEC and allies’ compliance with the 1.2 million bpd production cut between January and June, most industry respondents […]