- Global Markets: OPEC+ Said to Weigh Bigger Production Cut
- Global Industry: The Market is Overreacting
- Africa Oil & Gas: Angola oil output grows to 1.533 Mi barrels per day in October
- Mozambique Oil & Gas: Finance minister defends loan guarantee for ENH
- Africa Oil & Gas: Nigeria To Lift Crude Oil Production To 1.8 Million Bpd In 2019
A Wall Street Journal survey of 12 investment banks shows analysts see much higher oil prices this year than previously.
In May, the banks revised up their expectations for oil prices in 2018, with the 12 banks averaging $70 per barrel for Brent in 2018 and $66 for WTI. That average is up $6 per barrel from April.
However, the banks likely did not incorporate the recent meltdown in prices or the prospect of higher output from OPEC.