04.11.2013 - Average crude price forecast at USD101 in 2014
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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