Oil prices at $40-$60 per barrel this year - Moody's
Petroleumworld 01 03 2018
Moody's Investors Service said on Tuesday it expects oil prices in the range of $40 to $60 per barrel in 2018, with abundant supplies of U.S. natural gas constraining prices, even while demand goes up.
"Prices will likely remain range-bound, and possibly volatile, on a combination of increasing U.S. shale production, reduced but still significant global supplies, and potential non-compliance with agreed production cuts - especially if demand growth is more tepid," Moody's said. bit.ly/2lANvg3
Oil price rise in late 2017 was supported by assumptions of OPEC extending its agreement to cut production and “political unrest” in the middle east, Moody's said.
Reporting by Kanishka Singh in Bengaluru; Editing by Gopakumar Warrier from Reuters.
reuters.com 01 01 2018
We invite all our readers to share with us
their views and comments about this article.
Write to firstname.lastname@example.org
By using this link, you agree to allow PW
to publish your comments on our letters page.
Any question or suggestions,
please write to: email@example.com
Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels