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Commodities Briefing - Categorized | Oil, Price Watch more

Average crude price forecast at USD101 in 2014

Posted on 04 November 2013

The average price of crude oil is forecast at $105 per barrel in 2013, $101 per barrel in 2014 and $100 per barrel in 2015, according to Giyas Gokkent, chief economist at the National Bank of Abu Dhabi (NBAD).
“Average oil price was $112 per barrel in 2012. The base case is for oil prices to soften mildly, but remain close to $100 per barrel through 2018. Thereafter, prices rise by a few dollars each year in this scenario,” Gokkent told Gulf News in reply to e-mailed questions………………………………………..Full Article: Source


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