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JP Morgan sees oil prices hitting $125 in 2022, $150/bbl in 2023 ... The bank forecast global oil demand to reach 99.8-101.5 million barrels per day in 2022-23.
Lower investment in new oil production and production cuts by many producers will lead to higher crude prices for years to come, a JPMorgan analyst warns. JPMorgan’s energy guru warns oil prices ...
The price of gasoline hit a 2023 high in September amid a squeeze on oil supply. “ There are already signs that consumers have responded by cutting back on fuel consumption,” wrote Kaneva and ...
The fourth-quarter Brent price deck remains at $75/bbl, in line with quarter-to-date levels and the strip, while the 2025 price deck stays at $70/bbl, consistent with J.P. Morgan’s outlook.
The price of gas was $3.03, the highest for Memorial Day since 2014. [49] Although countries increased oil production in May, demand forecasts were high and on June 8 WTI closed above $70, with Brent at $72.22, the highest since May 2019. [50] On June 25 WTI ended the week at $74.05, up 3.9 percent for the week, the fifth week in a row with an ...
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This year has been an eventful one for the oil market. Oil prices are down about 17% from the average price that prevailed in 2022. Meanwhile, supply cuts from some of the world's largest ...
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