brent

EIA Boosts Brent and WTI Oil Price Forecasts – Rigzone

Posted on September 19, 2023September 19, 2023 by Mozambique Resources Post

The U.S. Energy Information Administration (EIA) increased its Brent and West Texas Intermediate (WTI) spot average price forecasts for both 2023 and 2024 in its latest short term energy outlook (STEO), which was released this week. In the latest STEO, the EIA projected that Brent spot prices will average $84.46 per barrel this year and $88.22 per barrel next year and that WTI spot prices will average $79.65 per barrel in 2023 and $83.22 per…

Global Industry: WoodMac Forecasts 2019 Oil Price

Posted on January 25, 2019January 28, 2019 by Mozambique Resources Post

Brent will average $65 per barrel in 2019 and $68 per barrel in 2020, according to Wood Mackenzie’s (WoodMac) latest price forecast.

Global Markets: Brent To Recover Towards Year-End

Posted on November 21, 2018 by Mozambique Resources Post

The price of Brent crude oil will recover towards the end of the year to average over $74 per barrel in 2018. That’s the core view of Fitch Solutions Macro Research, according to a recent report from the company, which was sent to Rigzone.

Global Markets: Crude Oil Benchmark Brent Sees Biggest One-Day Fall In Two Years

Posted on July 12, 2018 by Mozambique Resources Post

Global benchmark Brent crude oil had its biggest one-day drop in two years on Wednesday as escalating U.S.-China trade tensions threatened to hurt oil demand, and news that Libya would reopen its ports raised expectations of growing supply.