Key issues

Oil prices: in search of equilibrium


Oil: reflections and outlook for 2019

2018 has been a turbulent year for the oil market. At the beginning of the year, crude oil was trading at around 65 dollars and the main agencies expected prices to remain at around this level at the end of the year. However, by the close of Q3, the price of a barrel of Brent stood above 85 dollars (a cumulative rise of almost 30%), and analysts were revising their forecasts upwards. As an example, early in the year, the US Energy Information Administration (EIA) estimated that the price of...

Monthly Report - Focus