Tuesday, January 21, 2025

Bank of America Sees Oil Gains in 2019, but That Forecast is Far from Universal

From CNBC A year ahead outlook report from Bank of America Merrill Lynch expects Brent crude to regain its recent losses in 2019 and settle at $70 a barrel. But amid mounting global uncertainty on everything from trade and monetary policy to politics, that forecast is far from consensus. After a dramatic summit of OPEC and non-OPEC members over the

oil-barrels-and-markets-482px Oil Prices Drop - Oil & Gas 360

Oil Market Tightening: IEA Chief

From Reuters NEW DELHI (Reuters) – Global oil markets could tighten towards the end of this year due to strong demand and uncertainty of production in some oil producing nations, the head of the International Energy Agency said. “Definitely there are some worries that oil markets can tighten towards the end of this year and as major oil importing countries