By 2050, oil prices will be $107.94/b, according to Table 1 of the EIA's Annual Energy Outlook. The EIA has lowered its price estimates from 2017, reflecting the stability of the shale oil market. The EIA assumes that demand for petroleum flattens out as utilities rely more on natural gas and renewable energy . The benchmark gas futures contract recently traded at $1.69 per million British thermal units. As with oil, gas supplies are too high relative to demand. The United States continues to produce historically high levels of crude oil and natural gas. Slow growth in domestic consumption of these fuels leads to increasing exports of crude oil, petroleum products, and liquefied natural gas. click to enlarge The average for the month 65.65. The Oil Price forecast at the end of the month 67.36, change for April 6.2%. Oil Price forecast for May 2020. In the beginning price at 67.36 Dollars. High price 70.66, low 67.36. The average for the month 68.75. The Oil Price forecast at the end of the month 69.62, change for May 3.4%. Crude oil prices & gas price charts. Oil price charts for Brent Crude, WTI & oil futures. Energy news covering oil, petroleum, natural gas and investment advice
JP Morgan Cuts Its Oil Price Outlook For 2019. JP Morgan has revising its outlook on Brent crude to US$73 per barrel on average, CNBC reports. The bank’s earlier forecast was for an average Brent crude price of US$83.50 a barrel. Oil 2019, the annual IEA outlook for global oil markets, examines the key issues in demand, supply, refining and trade to 2024. Forget Iran and OPEC. There's another issue that will keep oil prices supported for the next two years, according to Morgan Stanley's oil outlook. Brent crude will reach $90 a barrel by 2020 as new international shipping regulations take effect. Deloitte's oil and gas price forecast takes into account many factors, including futures market trading and historical data. Consideration is also given to global supply and demand as well as the economic outlook of world markets.
The graph also shows the U.S. Energy Information Administration's (EIA) forecast for average annual prices for 2020 and 2021 in the January 2020 Short-Term Energy Outlook. Click to enlarge EIA's publications that provide historical, recent, and projected retail gasoline prices (including federal, state, and local taxes) are Explore our 2020 oil and gas industry outlook to help your energy business get ahead of upcoming challenges. Looking for the latest trends in the oil and gas industry? Explore the uncertainties, risks, and opportunities in our 2020 oil and gas industry outlook.
22 Jan 2020 Crude oil price forecast to fall in the first half of 2020. The Energy Information Administration forecasts Brent crude oil spot price will average Coronavirus 'to cut 2020 oil and gas investments by $30bn'Oil prices have slid by
The oil price continued to rise in 1H 2018 - yet a Q4 2018 renewed supply 3 Other includes onshore conventional, heavy oil, unconventional gas and excludes Deloitte's oil and gas price forecast takes into account many factors, including futures market trading and historical data. Consideration is also given to global 11 Mar 2020 Brent crude oil prices will average $61.25 per barrel in 2020 and $67.53 per gold | silver | copper | aluminum | nickel | zinc | coal | natural gas. Crude Oil Prices Charts. Latest News on Oil, Energy and Petroleum Prices. Articles, Analysis and Market Intelligence on the Oil, Gas, Petroleum and Energy