Oil prices will remain high until next year as OPEC + holds a tight line despite a US-led strategic oil spill, according to a Reuters survey on Tuesday, but COVID 19 caused by an Omicron variant. Resurrection can have a significant impact on the outlook. Before the
Omicron hit the headline, a survey of 39 economists and analysts began, with Brent crude oil averaging $ 71.25 in 2021, from a consensus of $ 70.89 in October and $ 70 this year. It is predicted. Brent’s outlook for 2022 has been raised from $ 74.04 to $ 75.33.
This is the best forecast of the year for the benchmark.
“OPEC + expects to remain cautious about adding barrels, but does not want oil prices to rise above $ 80 for a long period of time,” said John Pay-Easy, president of Stratas Advisors. “OPEC + is also concerned that US shale producers are increasing production in response to rising prices.” US $ 4,444 of crude oil averaged 68.52 per barrel in 2021 and 2022. It is projected to be $ and $ 73.31, down from the October consensus of $ 68.62 and $ 71.21. Oil Price Survey: https: //fingfx.thomsonreuters.com/gfx/mkt/klpykdxnapg/Oil Poll NovGraphic.png Demand will increase by 4.56 million barrels (bpd) per day and 3.35 million barrels in the next 2021 bpd bottom. Year, led by Asia.
Oil prices have receded from recent highs amid headwinds over Omicron’s concerns about inventory releases by the United States and other countries. [O / R]OPEC +, a group of OPEC and its allies, will meet this week to assess the impact of Omicron variants and pursue plans to increase production by 400,000 barrels in January. You need to decide if. Per day and beyond.
Some analysts say OPEC + can curb production spikes depending on inventory levels, but increased cases of coronavirus and potential US shale growth could also impact prices next year. He pointed out that there is sex.
Morgan Stanley (NYSE: MS) said Monday that it lowered its Brent price forecast for the first quarter of 2022 from $ 95 a barrel to $ 82.50, saying that the Omicron variant poses a downside risk to demand forecasts.