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With crude price scenarios ranging +/-$10/bbl around the base case, the downside case of $70/bbl Brent aligns with current strip prices, underscoring downside risks beyond 2026.
HOUSTON (Reuters) -Oil prices slipped on Tuesday after a U.S. government agency forecast steady U.S. oil demand in 2025 while lifting its forecast for supply. Declines were limited by new U.S ...
Brent crude has rallied from the low $70s in late December to $80 as of Friday ... forecasts of a 2025 oil surplus, and currently lower prices," Struyven said. ... "The long-term price impact of ...
From a market perspective, Hess faced pricing pressures with a drop in the average realized crude oil price per barrel to $72.10 from $76.63 in the previous year.
Crude oil markets have fallen a bit in continuation of the fears of a second wave of infections driving down demand. Inventory numbers are still too high. Crude Oil Price Forecast – Crude Oil ...
Goldman Sachs has cut its forecast for the average oil price next year by 12%, citing abundant production in the United States.
In addition, Arco's strategic planning group in Los Angeles, headed by Dr. Bob Gower, developed a long-range forecast calling for a decline in the price of crude oil. At the time Arco was in a bidding war with Chevron for Gulf Oil, but the crude oil price forecast made that acquisition look increasingly less favorable.
The crude oil markets rallied significantly during the trading session on Thursday, reaching towards the recent highs, but at this point I think we are trying to break out and reach towards the ...
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