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2016-10-25 19:00:00

2017 OIL PRICE: $55

2017 OIL PRICE: $55

 

BRENT OIL PRICES NOV 2011 - OCT 2016

 

WTI OIL PRICES NOV 2011 - OCT 2016

 

The World Bank is raising its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel as members of the Organization of the Petroleum Exporting Countries (OPEC) prepare to limit production after a long period of unrestrained output.

Energy prices, which include oil, natural gas and coal, are projected to jump almost 25 percent overall next year, a larger increase than anticipated in July. The revised forecast appears in the World Bank's latest Commodity Markets Outlook. Oil prices are expected to average $43 per barrel in 2016, unchanged from the July report.

"We expect a solid rise in energy prices, led by oil, next year," said John Baffes, Senior Economist and lead author of the Commodity Markets Outlook. "However, there is considerable uncertainty around the outlook as we await the details and the implementation of the OPEC agreement, which, if carried through, will undoubtedly impact oil markets."

A modest recovery is projected for most commodities in 2017 as demand strengthens and supplies tighten.

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Earlier: 

OIL PRICES: STILL ABOVE $51 

МЕДЛЕННОЕ ВОССТАНОВЛЕНИЕ РЫНКА 

OIL PRICES FORECAST: $43 - $51  

OIL PRICES: REDUCING THE ODDS 

СОХРАНЕНИЕ ОБЪЕМОВ ДОБЫЧИ 

СТАБИЛИЗАЦИЯ МИРОВОГО РЫНКА 

ЦЕНА НЕФТИ - 2016: $40 

MARKET IS OWERSUPPLIED 

БЫСТРЕЕ СБАЛАНСИРОВАТЬ РЫНКИ 

OIL PRICE COMPROMISE

 

 

Tags: WBG, OIL, PRICES
2017 OIL PRICE: $55 October, 15, 12:30:00

OIL PRICE: NEAR $81 ANEW

2017 OIL PRICE: $55 October, 15, 12:25:00

BAD BOYS: IMF & WBG

2017 OIL PRICE: $55 October, 15, 12:20:00

U.S. - CHINA NUCLEAR POLICY

2017 OIL PRICE: $55 October, 15, 12:15:00

U.S. - CHINA NUCLEAR SANCTIONS

2017 OIL PRICE: $55 October, 15, 12:10:00

IRAN SANCTIONS DOWN

2017 OIL PRICE: $55 October, 15, 12:05:00

IRAN - S.KOREA OIL DOWN ANEW

All Publications »

Chronicle:

2017 OIL PRICE: $55
2018, October, 15, 12:01:00

GAZPROM - SHELL: BALTIC LNG

GAZPROM - The parties discussed relevant issues related to bilateral cooperation, including the Baltic LNG project. Emphasis was placed on the priority measures aimed at developing a joint design concept (pre-FEED).

2017 OIL PRICE: $55
2018, October, 15, 12:00:00

U.S. RIGS UP 11 TO 1,063

BHGE - U.S. Rig Count is up 11 rigs from last week to 1,063, with oil rigs up 8 to 869, gas rigs up 4 to 193, and miscellaneous rigs down 1 to 1. Canada Rig Count is up 13 rigs from last week to 195, with oil rigs up 8 to 127 and gas rigs up 5 to 68.

2017 OIL PRICE: $55
2018, October, 12, 11:40:00

OIL PRICE: NEAR $81

REUTERS - Brent crude futures had risen $1.02 cents, or 1.3 percent, to $81.28 a barrel by 0637 GMT. The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. U.S. West Texas Intermediate (WTI) crude futures were up 80 cents, or 1.1 percent, at $71.77 a barrel, after a 3 percent fall in the previous session. WTI is on track for a 3.5 percent drop this week.

2017 OIL PRICE: $55
2018, October, 12, 11:35:00

OIL PRICES 2018 - 19: $74 - $75

EIA - Brent crude oil spot prices averaged $79 per barrel (b) in September, up $6/b from August. EIA expects Brent spot prices will average $74/b in 2018 and $75/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.

All Publications »