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Brent price forecast revised to $73 in H2: BarclaysBarclays, a British financial services company, has revised its Brent price forecasts in the second half (H2) of 2018 and 2019 to $73 and $71, respectively, due to a lower supply estimate for Libya and Iran. Yet bulls ought to bew More… |
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Iran export curbs could push oil up by $9: BofAMLMoving Iran oil export curb from 0.5 million to a one million barrels per day (b/d) would push Brent prices up by $8 to $9 per barrel (/bbl), said the Bank of America Merrill Lynch (BofAML) in a new report. US sanctions could prov More… |
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GCC economy to grow 2.5pc in 2018: Moody’sThe GCC region’s economy will grow near 2.5 per cent in 2018, according to new forecasts from Moody’s Analytics, a leading provider of economic forecasts and data. Stable energy prices will underpin this growth, with t More… |
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Oil to stay between $50-55 in H2, 2018: BarclaysBrent prices are likely to stay in the $50-55 range in the second half of 2017 and to average in the same range in 2018, said Barclays in its latest Oil Instant Insight. Despite the statements in the communiqué of More… |
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Opec exports jump 10pc in 2012 to $1.26trnOpec's petroleum exports jumped in value by almost 10 percent in 2012 year-on-year and the producers' GDP climbed 12 percent, according to the group's latest report, an income surge that looks harder to repeat this year. More… |
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Brent falls $2 as fears of Saudi unrest subsideBrent crude fell $2 towards $113 on Friday as a quiet start to the planned 'day of rage' in Saudi Arabia eased concern that unrest would spread in the world's top oil exporter, prompting investors to unwind positions. ICE April More… |
