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April meeting expected no impact producers Oil prices or rising next year
- Categories:Industry News
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- Time of issue:2020-03-31 14:57
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April meeting expected no impact producers Oil prices or rising next year
- Categories:Industry News
- Author:
- Origin:
- Time of issue:2020-03-31 14:57
- Views:
The 17th of this month, the organization of petroleum exporting countries (OPEC) with non-opec oil-producing nations will meet in doha, the capital of Qatar, further explore the crude oil freezing protocol. This in addition to Libya, all was invited to the OPEC oil producers will attend, including Iran.
Sundance g Bank (kirkegaard Bank) on Thursday (March 31) said in a report, the doha meeting of April should not impact on oil prices, crude oil market fundamentals may have until the end of 2016 to improve.
Sundance g, however, the bank will brent 2016 average forecast from $38 a barrel to $41, brent crude oil at the same time will be 2017 forecast from $49 a barrel to $52.
At the same time, the bank is expected in the fourth quarter of this year, brent crude oil and crude oil (WTI) average at $46, the previous forecast of $44 a barrel.
Sundance g bank points out, if the dollar fell further, can help the rebound in commodity prices.
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