Monday, January 27, 2025
POLL-Growth risks to restrain oil prices this year- oil and gas 360

POLL-Growth risks to restrain oil prices this year

Nasdaq Oil prices will struggle for traction this year as global economic headwinds stymie gains that could be fuelled by a rebound in China and OPEC+ cuts, a Reuters poll showed on Friday. The survey of 37 economists and analysts forecast Brent crude LCOc1 would average $83.03 a barrel in 2023, versus the $84.73 consensus in May. The global benchmark, now trading around

Oil industry leaders remain confident about long-term demand-oil and gas 360

Oil industry leaders remain confident about long-term demand

Oil Price Oil and gas industry leaders are confident in the long-term resilience of oil demand despite challenges from the energy transition. This is the message coming out of the inaugural edition of the Energy Asia conference that took place this week in Malaysia. “Energy transition is going to take a lot longer, it’s going to cost a lot more money